In the next year or two, the two-county region is more likely to experience high inflation than a return to low unemployment, says Jay Prag, a clinical professor at Claremont Graduate University. Nationally, he’s not encouraged by what he’s seen so far of the Biden Administration. Recovery from the pandemic-related …
Read More »IE manufacturing keeps growing … slowly
The Inland Empire’s manufacturing sector expanded for the fifth consecutive month in January. Last month’s purchasing managers index for the two-county region was 52.5, up from 50.6 in December, according to data released yesterday by Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Anything above 50 …
Read More »Businesses adapt to stay alive during COVID-Crisis
Some are thriving, although the problems caused by the worst public health crisis in a century has caused some businesses to rethink themselves and even change course. One businesswoman, Wendy King of OEM Supply King, compared the first months of the pandemic to the Wild West. In normal times, 2020 …
Read More »Growth of Inland manufacturing slows
The Inland Empire’s manufacturing sector recorded its fourth consecutive month of growth in December, although it did so in a less-than-impressive fashion. The two-county region’s purchasing managers index for the last month of 2020 was 50.6, down from 55.5 in November, according to data released by the Institute of Applied …
Read More »Inland economy sends out mixed signals for 2021
The two-county region is definitely struggling, but there’s a reason for some optimism as 2020 comes to a close. There’s no arguing that the Inland Empire economy isn’t anywhere close to the top of its game as 2020 comes to a close, having taken a severe beating from COVID-19 during …
Read More »Inland manufacturing finishes 2020 on a positive note
Now comes the more daunting challenge: Keeping the all-important sector a float during 2021. With COVID-19 still a factor that won’t be easy, but there are reasons for optimism as the new year approaches. After one of the most difficult economic years ever, the Inland Empire’s manufacturing sector will enter 2021 …
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