Tag Archives: Economy

Inland Empire manufacturing fell to 42.9 in July, a month-over-month drop of 12.8, according to data released Monday. Below 50 means the manufacturing sector is contracting, so the July purchasing managers index is not good news for Riverside and San Bernardino counties, according to data released by the Institute of …

When COVID-19 hit some were predicting a quick economic recovery, maybe even avoiding a recession. Now they’re singing a different tune. It has become one of the country’s most asked questions in the last month or two, and a subject of endless speculation in the media: how soon will the …

The monthly purchasing managers index showed an expanding manufacturing sector, but that might have been because the market had nowhere to go but up. On the surface, the June purchasing managers index for Riverside and San Bernardino counties appears to be a cause for celebration. At the very least, it’s …

California added 558,200 jobs from May to June, and the state unemployment rate fell to 14.9 percent during that time, according to data released Friday. Leisure and hospitality added the most jobs, at 292,500, the result of bars and dine-in restaurants reopening statewide, the California Employment Development Department reported. Construction …

California’s unemployment rate remained high in May despite the addition of 141,600 jobs, the result of the state economy’s gradual reopening. The jobless rate last month was 16.3 percent, essentially unchanged from the revised 16.4 percent for April, the state Employment Development Department reported. California’s unemployment rate in May, 2019 …

The Inland Empire will likely lose 70,600 jobs this year because of COVID-19, according to a recent forecast.  That would be a 4.5 percent drop – from 1,556,900 jobs to 1,486,300 jobs  – between 2019 and 2020, longtime Inland economist John Husing predicted in his most recent quarterly report on …