Tag Archives: Economy

U.S. single-family home prices grew 6.9 percent in December, the lowest rate of year-over-year growth since the summer of 2020, a report released today stated. That slowdown is being blamed primarily on high mortgage rates and general pessimism about the economy’s immediate future, according to CoreLogic in Irvine. Despite a …

Inland Empire manufacturing has bounced back, at least for the moment. The region’s purchasing managers index was 50 in January, according to data released Feb. 2 by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. That came one month after the December index registered 47, …

California’s job market was flat in December, recording a 4.1 percent unemployment rate for the second consecutive month. Employers added 16,200 non-agricultural jobs during the last month of 2022, the 15th consecutive month jobs have been added in that category, the state Employment Development Department reported. Year-over-year, California’s job growth …

Might the Inland Empire industrial market be cooling a little? That could be the case, based on one major commercial brokerage’s assessment of how the market finished 2022. Sales and leases in Riverside and San Bernardino counties fell 9.6 million square feet between last year’s third and fourth quarters, from …

Nearly three years after COVID-19 struck the United States, much of the damage done by it to the nation’s economy is only now being felt and likely will linger for years, according to a local economist. Traditional brick-and-mortar retail, working at home instead of the office and movie theaters have …

One question hangs over the U.S. economy as 2023 gets underway: will there be a recession during the next 12 months, or will the economy grow and continue to add jobs? The answer to that inquiry rests almost entirely with the Federal Reserve, and to what extent it raises interest …