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Tag Archives: Economy

Job numbers solid for Empire

Michael's to hire 20,000 seasonal holiday employees

The Inland Empire posted a 3.9 percent unemployment rate in September, down from 4.3 percent in August and well below the 6.4 percent predicted one year earlier. That number was not adjusted to account for seasonal factors that affect the job market, according to the State Employment Development Department. In …

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IE industrial market stays solid

IE manufacturing surges

The Inland Empire industrial market turned in a solid third quarter, with little vacancy and a big jump in leased space. Total vacancy at the end of the quarter was 1.3 percent, unchanged from the second quarter, Avison Young reported. At the same time, leasing of industrial space in Riverside …

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Consumers, retailers brace for higher prices during holidays

National Retail Federation predicts solid sales growth

Sales will still grow, but that increase will be lower than last year, mostly because of inflation. Online sales will continue to rise.   One year ago, Deloitte, the global accounting and professional services firm, was predicting that retail sales during the holiday shopping season would rise seven to nine …

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Forecast: U.S. not staring down a recession

Cal State University San Bernardino receives grant money

The U.S. will probably avoid a recession during the next two years, so long as the Federal Reserve doesn’t raise interest rates more than it has said it plans to, according to a forecast. Despite some signs of weakness, the U.S. economy continues to move forward thanks to the fiscal …

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Inland manufacturing comes back

Inland Empire manufacturing

One month after Inland Empire manufacturing showed signs of retracting for the first time in nearly two years, the sector has come roaring back. The region’s purchasing managers index was 58.1 in September, up from 49 in August, the Institute of Applied Research and Policy Analysis at Cal State San …

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Holiday job market expected to be down this year

Nationwide, temporary hires to help with the Christmas retail season will decline about three percent from last year, according to one forecast. If that prediction holds true, the last two months of  the year will be slower than normal at Inland warehouse-distribution facilities.     U.S. retailers are expected to …

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