Economy

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 …

Retail accounted for 55 million full and part-time jobs in the United States in 2022, enough to make up 26 percent of the U.S. workforce, according to a study. Retail also contributed $3 trillion to the U.S. economy in 2022, or 20 percent of the labor income – the amount …

The Inland Empire’s manufacturing sector is growing again. Not by much, but it’s growing. The region’s purchasing managers index in March was 50.8, down from 52.1 the month before, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. A decline is never good news, …

U.S. retail sales are expected to be between 2.5 percent and 3.5 percent this year, with total sales expected reach at least $5.2 trillion, according to the National Retail Federation. The 2024 forecast compares with the 3.6 percent annual sales growth of $5.1 trillion recorded last year, and conforms with the …

The Inland Empire in February recorded a 5.5 percent unemployment rate, unchanged from the first month of the year. Between January and February, non-farm employment in Riverside and San Bernardino counties increased from 1,684,900 to 1,687,400, while agricultural jobs declined by 400 during that time, according to data released March …

Warehouse-distribution facilities have come to dominate the Inland Empire during the past 20 to 25 years, so much so that the region is sometimes called the warehouse of the western United States. The amount of available and affordable land in Riverside and San Bernardino counties, along with the region’s proximity …