Sunday , August 14 2022

Tag Archives: Economy

Despite a tight labor market, Inland Empire wages are expected to keep growing

With no sign of a recession on the horizon the local economy is expected to stay strong for awhile, although not enough houses being built will remain an issue, according to a UC Riverside report. There’s much good news in a recent study that takes an in-depth look at the …

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IE manufacturing keeps growing

Inland Empire manufacturing rose slightly in March, according to data released Monday. The region’s monthly purchasing managers index was 57.9, a healthy increase from the 53.9 recorded in February, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported. The index has now been above 50 …

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Slight uptick in state jobless rate

U.S. add jobs, unemployment rate stays flat

California’s unemployment rate increased to 4.2 percent in January, as the state added only 3,000 jobs during the first month of the year. That represented a slight increase from a  revise 4.1 percent in December, according to data released by the state Employment Development Department. California now has approximately 17.3 …

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Study says the Inland Empire isn’t creating enough good jobs

Jobs report could be bad for IE

The report, by a renowned think tank, says that trend must be reversed if the region’s economy is to keep growing. The Inland Empire produces its share of jobs, but not enough that provide middle-class wages, benefits and stable employment, according to a report. That’s especially true for the estimated …

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Orders drop, but IE manufacturing remains strong

Manufacturing in the Inland Empire continued to expand in February despite a sharp drop in new orders, according to a report. The region’s purchasing managers index was 53.9, a slight drop from January but still above 50, the benchmark that determines if the region’s manufacturing sector is growing or shrinking, …

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Report says California will keep adding jobs

California’s economy will add approximately 320,000 jobs in 2019 and again in 2020, according to a forecast released this week. That job growth will result in the state’s unemployment rate declining to 3.7 percent and 3.4 percent, respectively, according to the Los Angeles County Economic Development Corporation’s 2019 Economic Forecast …

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