Economy

The Inland Empire’s steep drop in manufacturing in June was apparently an aberration, not the start of a bad trend. The region’s purchasing managers index in June was 56.9, a strong rebound from the 50 recorded in May according to the Institute of Applied Research and Policy Analysis at Cal …

Nationwide retail spending made a comeback in July, boosted by summer sales that were put into place before more tariffs begin to affect the price of some goods, according to the National Retail Federation. Retail sales last month were up 1.45 percent month-over-month and up 5.8 percent over last year, …

California exports declined slightly in June, according to a recent report. The state’s international merchandise trade was estimate at $15.6 billion during the sixth month of the year, a .08 percent drop recorded in June 2024, Beacon Economics in Los Angeles reported. During the same period, U.S. exports rose by …

At the start of this year, there was reason to be optimistic about the Inland Empire economy. As of November, the region’s unemployment rate was 5.3 percent, according to the state Employment Development Department. That was a respectable number, and close to the four to five percent range that most …

Thirty six percent of California developers are delaying, or have cancelled, commercial real estate projects due to higher construction costs and concerns about global trade, a study has found. Eighty five percent say they’re more cautious about commercial development in the state because of supply chain disruptions, and 44 percent …

The Inland Empire’s unemployment rate climbed to 5.9 percent in June, up from a revised 4.8 percent the previous month and above the 5.4 prediction of one year earlier. Also in June, California’s unemployment rate was 5.7 percent, while the nationwide jobless rate was 4.4 percent, according to the state …