Thursday , May 30 2024
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Economy

State, Inland housing affordability declines

U.S. home prices record annual decline

Only 15 percent of all households in California could afford a median-priced home – $843,600 – during the third quarter of this year, according to data released Friday. That represented a 16 percent drop from the second quarter and an 18 percent decline year-over-year, the California Association of Realtors reported. …

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Some Inland business owners are still fretting over inflation

Inflation Chart

Inland Empire business owners have many concerns about their companies’ immediate future, but one potential problem stands out above all others. Inflation. The Inland Empire Center for Entrepreneurship at Cal State San Bernardino interviewed 673 business owners earlier this year and asked them what their “greatest concern” was regarding their businesses …

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Inland manufacturing slips slightly

Manufacturing in Inland Empire

Inland Empire manufacturing experienced a mild setback in October. The region’s purchasing managers index last month 49.6 last month, down from 51.3 in September, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Though only a slight drop, the decline interrupted five consecutive months …

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State labor market increases slightly

Unemployment continues downward trend

California recorded a 4.7 percent unemployment rate in September, essentially unchanged from the previous month and up only 0.7 percent year-over-year, according to data released Friday. Eight thousand seven hundred non-agricultural jobs were added to the state’s economy last month, bringing the total to 436,400 the number of jobs added …

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Retailers prep for record Halloween spending

Halloween gets more and more popular in the United States every year, based on the amount of money spent on it. Shopping for Halloween – costumes, candy, house decorations, parties – is expected to reach record heights this year. U.S. consumers will spend $12.2 billion on Halloween-related items in 2023, …

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