Tag Archives: Economy

California’s unemployment rate fell to 9.3 percent in October, down nearly two points month-over-month, according to data released Friday. Non-agricultural jobs grew by 145,500 between September and October, the third-largest job gain since 1990, the state Employment Development Department reported. California’s unemployment rate remained well above the national rate, 6.9 …

Inland Empire manufacturing performed superbly in October, completing a two-month pattern that began in March when COVID-19 hit. The region’s purchasing managers index was 61, up from 53.4 in September and 11 points above 50, the dividing line that determines whether manufacturing is expanding or contracting, the Institute of Applied …

The pandemic makes it all but impossible to predict how much will be spent during the most crucial time of the year for most retailers, or whether people will spend at all. The only safe bet is that e-commerce spending, already popular, is about to become more so. Predicting how …

Yes, temporary retail jobs will be available this holiday season, but COVID-19 makes it difficult to predict how many. Look for a slowdown compared with last year. Last year, U.S, retailers added 702,000 workers to assist with the holiday season. That was a 12.2 percent increase from 2018, when the …

Inland manufacturing bounced back in September, temporarily pushing aside two consecutive months of dreadful performance. The two-county region’s purchasing managers index last month was 53.4, well above the 47 recorded among Riverside and San Bernardino County manufacturers in August, according to the Institute of Applied Research and Policy Analysis at …

Business activity in Riverside and San Bernardino counties fell 26.5 percent during the second quarter of 2020. The third quarter will probably be better, but a quick jobs recovery isn’t expected, according to several experts. Let’s hope this is as bad as it gets. After a slight drop in the …