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Tag Archives: Economy

U.S., Inland economies face possible recession in 2023

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 …

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IE manufacturing down for third straight month

IE manufacturing surges

Inland Empire manufacturing is officially in decline. The region’s purchasing managers index in December was 47, the third consecutive month that number has been below 50, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Three consecutive months above or below 50 establishes a …

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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

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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