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Tag Archives: Economy

Retail industry gears up for Christmas season hiring

hiring prospects

Despite the pandemic, seasonal hiring prospects appear good as Black Friday approaches. Incentives, including bonuses and flexible hours, are being offered, and some businesses are making permanent hires.   U.S. retailers are expected to hire about 700,000 workers during the upcoming holiday season, according to a recent study. That would …

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IE manufacturing keeps growing

IE manufacturing

Inland Empire manufacturing continued to grow in September, according to data released Friday. The region’s purchasing managers index last month was 54.7, the 13th consecutive month that number has been above the 50 percent benchmark that determines growth, according to the Institute of Applied Research and Policy Analysis at Cal …

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Inland Empire manufacturing hits one-year milestone

Inland Empire manufacturing

As of August, the region’s manufacturing sector has grown for 12 consecutive months, meaning it survived the pandemic. How it will perform against the Delta variant, or any other variants that might appear, remains to be seen, but indications are the sector will continue to grow for awhile.    The …

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U.S. economy: Jobs report does not meet expectations

Michael's to hire 20,000 seasonal holiday employees

The U.S. economy added only 235,000 jobs in August, well below the 720,000 jobs, some economists were predicting. The unemployment rate dropped to 5.2 percent from 5.4 percent in July, the U.S. Bureau of Labor Statistics reported. August’s job total was the weakest since January. One bright spot in the …

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Inland manufacturing sector reaches growth milestone

Inland manufacturing sector reaches growth milestone

It’s official: the Inland Empire’s manufacturing sector has been growing, uninterrupted, for one year. The region’s purchasing managers index in August was 57.7, well above the 50 benchmark that determines growth or contraction in any category, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported today. …

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Get used to inflation, at least for awhile

Inflation Chart

That’s the view of Jay Prag, an economics professor at the Drucker School of Management at Claremont Graduate University. Prag spoke with iebusinessdaily.com last week about the state of the economy, why inflation has suddenly returned and why he believes it’s likely to be around for a while. Q: There …

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