Tag Archives: Economy

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 …

The Inland Empire recorded a 5.7 percent unemployment rate in January, according to data released Friday. That was up from a revised five percent in December and well below the nine percent jobless rate predicted exactly one year earlier, according to the state Employment Development Department. This compares to the …

Inland Empire manufacturing continued to grow in February, bolstered by a sharp rise in employment and in spite of inflationary pressures. The region’s purchasing managers index in the second month of the year was 54.8, up from 51 in January, according to the monthly report on manufacturing published by the …

The region has recovered 83 percent of jobs it lost as a result of COVID-19, well ahead of California, and it should have all of them back by the end of the year, according to a recent forecast.   Two years after it began, the Inland Empire economy appears to …