U.S. consumers are getting a jump on their back-to-school shopping. Sixty two percent began looking for school-related items in early July, down five percent from last year but above the 55 percent of 2024, according to the National Retail Federation. Some consumers are delaying purchases until later in the summer, …
Read More »U.S industrial market has solid second quarter
The U.S. industrial market grew stronger during the second quarter, with a solid mix of demand and supply, according to Cushman & Wakefield. Net absorption totaled 62.1 million square feet, the second time in the last three quarters that demand for industrial space topped 60 million square feet, the global …
Read More »Inland jobless rate rises in June
The Inland Empire recorded a 5.3 percent unemployment in June. That was up from 4.6 percent in April but below the 5.7 percent predicted one year earlier, the state Employment Development Department reported. During the same period, California’s jobless rate was 5.2, while U.S. unemployment was 4.4 percent. The preceding …
Read More »Study proves it: warehouses prop up the Inland economy
Industrial development in the Inland Empire is every bit the region’s premier economic driver that it’s been made out to be. That’s the finding of a report by Beacon Economics in Los Angeles and the Pepperdine School of Public Policy, with an assist from two advocacy groups: the Supply Chain …
Read More »Inland job market treads water
The Inland Empire posted a 4.6 unemployment rate May, down 0.3 percent month-over-month, but below the 4.9 percent estimate of one year ago, according to the state Employment Development Department. During the same period, California’s unemployment rate was 4.7 percent, while the national unemployment rate was 4.1 percent. None of …
Read More »Retail stays solid in May
May was another strong month for retail nationwide, with sales rising for the eighth consecutive month despite higher gas prices and persistent inflation. Total sales were up 0.42 percent compared with April and 7.2 percent in May 2025, according to the CNBC/National Retail Federation Retail Monitor. Those numbers did not …
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IE Business Daily Business news for the Inland Empire.