Wednesday , April 24 2024

Economy

Record Halloween spending predicted

U.S. consumers are expected to spend $12.2 billion on Halloween items this year, $1.6 billion more than last year’s record spending if that prediction is accurate, according to the leading retail trade association.] Seventy-three percent are expected to take part in Halloween activities this year, a four-percent increase compared with …

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Inland Empire manufacturing back in growth mode

IE manufacturing surges

Inland Empire manufacturing is growing again. The region’s purchasing managers index in July was 54.2, up 2.1 from June, according to data released Aug.1 by the Institute of Applied Research and Policy Analysis at Cal State State San Bernardino. More important, June was the third consecutive month the index was …

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State job growth slows

California’s labor market added a modest 11,600 non-agricultural jobs in June, according to data released today. That number was in contrast to the revised 38,200 non-farm employees that were added to the labor force last month, the state Employment Development Department reported. California’s unemployment rate was 4.6 percent in June, …

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Report: IE adds tech firms

Inland Empire tech firms added 8,210 jobs between 2017 and 2022, a 44 percent growth rate, according to data released this week. The two-county region also ranked among the top 10 North American markets for software engineers working in the tech industry, and it was the fourth most-diverse market for …

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Industrial market posts negative absorption

CVB Financial reports earnings drop

The Inland Empire’s industrial market recorded 2.7 percent negative absorption in the second quarter, the first negative posting in that category since the fourth quarter of 2008, according to CBRE. Activity remained strong on the east side, where 2,093,363 square feet of space went online, according to CBRE. However, on …

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IE manufacturing shows slight improvement

Inland Empire’s manufacturing in June took another step toward returning to growth mode. The region’s purchasing managers index last month was 52.1, the second consecutive month that number was 50 or above, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. If that number …

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