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Tag Archives: Economy

Annual economic conference comes to Chino airport

Logistics Conference

Registration closes Friday for IE Business Daily’s Economic Outlook 2003 conference, which will be held Jan. 11 at Threshold Aviation at the Chino Airport. Diversified Pacific and National CORE are presenting the two-hour session, which will examine whether 2023 will be a year of recession or recovery. Other sponsors include …

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State housing market continues decline

U.S. home prices record annual decline

The demand for housing in California continued to fall in November, as home sales reached their lowest rate in more than 15 years. The state’s housing market last month also experienced its largest year-over-year sales drop in at least 40 years, mostly because of rising interest rates and concerns about …

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State adds 26,800 jobs

hiring prospects

California added 26,800 non-agricultural jobs in November, according to data released Friday. The state, which added jobs at a steady rate during the past two years, has now replaced all of the jobs it lost in March and April of 2020 when the pandemic hit, the state Employment Development Department …

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It’s two strikes on Inland manufacturing

IE manufacturing surges

Manufacturing in the Inland Empire declined for the second consecutive month in November, according to data released last week. The region’s purchasing managers index for the next-to-last month of the year was 49.6, just below the 50 benchmark that determines if manufacturing is growing or receding, according to the Institute of …

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Retailers enjoy strong Thanksgiving weekend

National Retail Federation predicts solid sales growth

A record 196.7 million people shopped during the Thanksgiving weekend, according to a report released Tuesday. That figure, which includes online and traditional “brick-and-mortar” shopping, was a year-over-year increase of nearly 17 million consumers, the National Retail Federation reported. It was also the busiest Thanksgiving weekend – Thanksgiving Day through …

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What can we expect of commercial real estate in 2023?

What can we expect of commercial real estate in 2023?

By Phil Bensinger The Federal Reserve continues to try to tame inflation with interest rate hikes. This appears to be the only tool they are willing to try so far. One result from this somewhat myopic approach is that the new home sales market has been decimated. It’s on a …

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