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Tag Archives: Economy

COVID-19 delivers a gut punch to Inland economy

Business activity in Riverside and San Bernardino counties fell 26.5 percent during the second quarter of 2020. The third quarter will probably be better, but a quick jobs recovery isn’t expected, according to several experts. Let’s hope this is as bad as it gets. After a slight drop in the …

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IE manufacturing still sluggish

The Inland Empire’s manufacturing sector perked up last month, but not quite enough to put it in growth mode. The region’s purchasing managers index was 47 in August, up from 42.9 in July but three below the 50 benchmark that determines if manufacturing in the region is expanding or contracting, …

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State adds 140,000-plus jobs

California employers added 140,400 non-agricultural jobs in July, as the state appears to be making a slow improvement from the worst of the COVID-19 pandemic. The state’s unemployment rate fell to 13.3 percent, down 1.6 percent from June but well above the four percent of July 2019, according to data …

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Economy adds 1.8 million jobs

inland empire jobs

U.S. employers added 1.8 million jobs in July, the third straight month of improvement for the nation’s struggling job market. Last month’s job gains was a sold number that exceeded the expectations of some economists, but it was not close to the 4.8 million jobs added in June, the Bureau …

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Inland manufacturing suffers huge hit

Inland Empire manufacturing fell to 42.9 in July, a month-over-month drop of 12.8, according to data released Monday. Below 50 means the manufacturing sector is contracting, so the July purchasing managers index is not good news for Riverside and San Bernardino counties, according to data released by the Institute of …

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