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Tag Archives: Economy

Report: Coronavirus will damage the U.S. economy

But maybe not as bad as some have predicted – perhaps not even a recession – says the UC Riverside study. The Coronavirus pandemic will deliver a “serious hit” to the national and U.S economies, an its longterm impact is impossible to predict now, according to the UC Riverside School …

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U.S. economy sheds 701,000 jobs

Large Job Gains Doesn’t Stop Unemployment Jump

The U.S. economy lost 701,000 jobs in March, it’s worst month since 2009, as the full-impact of the Coronavirus pandemic began to be felt. This marked the first time since September 2010 that the country posted a job loss in one month, the U.S. Bureau of Labor Statistics reported Friday. …

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Inland manufacturing floored by Coronavirus

The Coronavirus outbreak may have put its first dent into the Inland Empire economy. The region’s purchasing managers index, which measures the state of manufacturing in Riverside and San Bernardino counties, fell to 43.3 in March, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported …

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IE manufacturing stays strong

Inland Empire manufacturing is definitely operating on solid ground. The region’s purchasing managers index was 57 in February, up from 2.6 points from January, according to data released by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. More important, February was the fifth consecutive month …

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Inland manufacturing grows for fourth consecutive month

The Inland Empire’s manufacturing sector stayed solid in January, according to data.  The region’s purchasing managers’ index last month was 54.4, a slight improvement compared with December and the fourth consecutive month that number has been above 50, according to the monthly report by the Institute of Applied Research and …

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State unemployment holds at 3.9 percent

U.S. add jobs, unemployment rate stays flat

California’s unemployment rate held steady in December at 3.9 percent, according to data. The state added 12,600 non-agricultural jobs during December, the 118th consecutive month California has added jobs, the state Employment Development Department reported. The December job gains were the result of growth in several job sectors, including 6,500 …

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