Economy

Inland Empire manufacturing grew for the fourth consecutive month in April, as production and new orders posted month-over-month increases. The region’s purchasing managers index last month was 54, a sign of growth not only in manufacturing but in the region’s overall economy, according to data release May 1 by the …

Nearly half of all Inland Empire households can’t afford routine household expenses, and about one-third had difficulty paying their energy bill within the past month, according to a published report. Among the 15 largest U.S. metropolitan markets, Riverside and San Bernardino counties had the highest number of residents that reported …

California added 28,300 non-agricultural jobs in March, and recorded a 5.3 percent unemployment rate for the second consecutive month, according to a recent report. The state has added jobs for 47 consecutive months while adding 3,062,700 jobs since April 2020, the state Employment Development reported. That’s an average of 62,500 …

The Inland Empire industrial market recorded a 5.9 percent vacancy rate in the first quarter, as net absorption fell for the second time in a year. Five lease transactions of at least one million square feet were signed during the first three months of 2024, only two less than were …

California’s export trade reached $13.7 billion in February, up 2.6 percent from exactly one year earlier, according to data released April 8. At the same time, exports of manufactured goods rose 1.3 percent year-over-year, while the state’s overseas shipments of agricultural products and raw materials increased 8.6 percent compared with …

In December, Calmatters published an ominous forecast of California’s economy heading into 2024. “Danger Signs For California’s Economy” read the headline. The nonprofit, nonpartisan news website that covers California exclusively then spelled out disturbing trends that were starting to roil the state’s economy. Rising unemployment, a budget surplus that turned …