Third quarter numbers are strong, as the market continues to move out of the shadow of its two very large neighbors. The Inland Empire retail market no longer plays second fiddle to Los Angeles and Orange counties. That’s the opinion expressed by CBRE in its third quarter report on retail …
Read More »State unemployment hits record low
California’s unemployment rate fell to a record low of 4.1 percent in September, according to data recently released. State employers added 13,200 non-agricultural jobs during the month, raising the state’s total jobs gain to more than three million since the recovery began in February 2010, the state Employment Development Department …
Read More »Holiday shopping outlook is bright
With low unemployment, spending should be solid this year, according to retailers and one local economist. All signs point to a strong holiday shopping season in 2018. The economy is strong, the stock market is performing reasonably well and unemployment is down. All of that means people will have money …
Read More »IE manufacturing rolls along
Inland Empire manufacturing increased slightly during September, the 21st consecutive month that sector has expanded, according to data released Monday. The region’s purchasing managers index was 56.3, up from 54.5 in August, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported. Fifty or above means …
Read More »IE posts major growth in logistics jobs
Transportation and warehouse jobs grew by 46.8 percent in the Inland Empire from 2013 through 2017, according to data released Monday. That was the second-highest growth rate among submarkets, topped only by Charlotte, N.C., which grew by 56.8 percent during that time, CBRE reported. Central California – 45.7 percent – …
Read More »State adds 44,800 jobs
California’s economy remained strong in August, adding 44,800 jobs while the state’s unemployment rate held steady at 4.2 percent. That’s the fifth consecutive month California’s unemployment rate has been 4.2 percent, placing the state very close to full employment, according to data released Friday by the state Employment Development Department. …
Read More »