Thursday , May 30 2024
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Economy

Bad month for IE manufacturing

IE manufacturing surges

The Inland Empire’s manufacturing sector took a major hit in November. The region’s purchasing managers index plummeted to 41.2, the second consecutive month that number has been below 50, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Should December’s index be below 50, …

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IE industrial market to face strong headwinds in 2024

The days of a perpetually red-hot industrial market in the Inland Empire – record sales and leases, high vacancy rates, plenty of speculative development, and an endless absorption of open space – may be a thing of the past. At the very least, with the start of a new year …

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Strong Thanksgiving weekend shopping reported

A record 200.4 million people went shopping during the five-day Thanksgiving weekend, topping last year’s record of 196.7 million shoppers, according to data released this week. This year’s turnout exceeded expectations by more than 18 million shoppers, the National Retail Federation in Washington, D.C. reported. “The five-day period between Thanksgiving …

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State adds job in October

hiring prospects

California employers added 40,200 non-agricultural jobs in October, according to data released earlier this month. Despite that increase, the state’s jobless rate rose to 4.8 percent – up 0.1 percent from September and 0.7 percent year-over-year – the state Employment Development Department reported. Jobs in the state’s 11 major industries …

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Thanksgiving weekend shopping looks to be strong

An estimated 182 million people are expected to shop during the five-day Thanksgiving Day weekend, according to the National Retail Federation. That would be 15.7 million more people than shopped last year – both in-store and online – from Thanksgiving Day through Cyber Monday, the trade association reported in a …

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Inland Empire tough market for renters

Bank Handing Customer Cash

The Inland Empire is among the least affordable markets in the United States for single-family rentals, according to data released this week. The median monthly rent in the Riverside-San Bernardino-Ontario market was $3,250, the sixth-most expensive market in the country, Irvine-based CoreLogic reported. California markets made up the top five: …

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