Tag Archives: Economy

That’s the conclusion of a recent report that found a major surge in business activity in the region at the end of last year.  At least for now, the two-county region is outperforming the state in that economic category.     Two weeks after reporting that the Inland Empire has …

Business activity in the Inland Empire grew by 6.4 percent in the fourth quarter of 2021, up from 4.5 percent growth during the third quarter, according to data released earlier this week. The Inland economy “transitioned from recovery to expansion in the fourth quarter of 2021, the latest data available, …

The Inland Empire posted a five percent unemployment rate in February, down from a revised 5.7 percent during the first month of the year, according to data released today. The two-county region added 18,000 non-agricultural jobs between January and February, helping to bring about a total of 1,628,000 jobs statewide, …

The news is even better than that, because the region’s job count is slightly ahead of where it was in February 2020, right before the pandemic hit. The question now is, will that trend continue?     The Inland Empire labor market has officially recovered from COVID-19. As of this …

The National Retail Federation is predicting retail sales will grow six to eight percent this year, to more than $4.8 trillion. “Consumers are ready to spend and have the resources to do so,” said Federation President and Chief Executive Officer Matthew Shay in a statement. “We should see durable growth …

Large warehouses in the Inland Empire are performing quite well, according to data released this week. The two-county region’s 0.4 percent vacancy rate among warehouses 200,000 square feet or larger was second only to Los Angeles County’s 0.2 percent in North America, according to CBRE. “The past year was a …