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Tag Archives: Economy

Outlook for 2021 holiday shopping season is good

Money Growth Chart

Despite a few clouds, most notably a labor shortage and dysfunctional supply chains, sales are expected to rise at least seven percent compared with last year. Online shopping and discount cards are expected to get even more popular, but consumers are being told to shop early or risk not getting …

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Inland Empire industrial market remains strong

The Inland Empire’s industrial market stayed strong during the third quarter, recording a one percent vacancy rate, .2 percent lower than Los Angeles County’s, according to data released Tuesday. The market is performing so well that most tenants agree to a lease extension without negotiating, and logistics buildings in good locations …

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Business activity grows in the IE

Inland manufacturing sector reaches growth milestone

Business activity in the Inland Empire grew eight percent in the second quarter, outperforming the 6.6 percent growth in the U.S. gross domestic product and its own seven percent increase during the first quarter. “The Inland Empire’s better performance [is because] many parts of the local economy have shed the …

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Retail industry gears up for Christmas season hiring

hiring prospects

Despite the pandemic, seasonal hiring prospects appear good as Black Friday approaches. Incentives, including bonuses and flexible hours, are being offered, and some businesses are making permanent hires.   U.S. retailers are expected to hire about 700,000 workers during the upcoming holiday season, according to a recent study. That would …

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IE manufacturing keeps growing

IE manufacturing

Inland Empire manufacturing continued to grow in September, according to data released Friday. The region’s purchasing managers index last month was 54.7, the 13th consecutive month that number has been above the 50 percent benchmark that determines growth, according to the Institute of Applied Research and Policy Analysis at Cal …

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Inland Empire manufacturing hits one-year milestone

Inland Empire manufacturing

As of August, the region’s manufacturing sector has grown for 12 consecutive months, meaning it survived the pandemic. How it will perform against the Delta variant, or any other variants that might appear, remains to be seen, but indications are the sector will continue to grow for awhile.    The …

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