Thursday , March 28 2024

Tag Archives: Economy

IE jobless rate holds steady

hiring prospects

The Inland Empire recorded an unadjusted 3.9 percent unemployment rate in October, unchanged from September and well below the 6.1 percent predicted one year ago, according to data released Friday. Statewide, 27,600 non-agricultural jobs were added between September and October, with trade, and transportation adding 12,200 jobs during that time, …

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National Retail Federation predicts holiday sales to rise

National Retail Federation predicts solid sales growth

The National Retail Federation is predicting holiday retail sales will rise six to eight percent this year compared with 2021, with total sales expected to land between $942.6 billion and $960.4 billion. Despite persistent inflation, sales should top 4.9 percent in November and December, the average year-over-year increase in Christmas …

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Inland manufacturing stumbles

Welding Facility in Fontana CA

For the second time in three months, manufacturing in the Inland Empire has hit a bump in the road. The region’s purchasing managers index in October was 49.6, just under the 50 baseline that determines growth or reduction, according to data released this week by the Institute of Applied Research …

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Job numbers solid for Empire

Michael's to hire 20,000 seasonal holiday employees

The Inland Empire posted a 3.9 percent unemployment rate in September, down from 4.3 percent in August and well below the 6.4 percent predicted one year earlier. That number was not adjusted to account for seasonal factors that affect the job market, according to the State Employment Development Department. In …

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IE industrial market stays solid

IE manufacturing surges

The Inland Empire industrial market turned in a solid third quarter, with little vacancy and a big jump in leased space. Total vacancy at the end of the quarter was 1.3 percent, unchanged from the second quarter, Avison Young reported. At the same time, leasing of industrial space in Riverside …

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Consumers, retailers brace for higher prices during holidays

National Retail Federation predicts solid sales growth

Sales will still grow, but that increase will be lower than last year, mostly because of inflation. Online sales will continue to rise.   One year ago, Deloitte, the global accounting and professional services firm, was predicting that retail sales during the holiday shopping season would rise seven to nine …

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