The good news is that the region has a lot of jobs and its economy is growing. The other half of the equation is that a lot of those jobs don’t pay well compared with other parts of the country. Maybe the Inland Empire’s economic development agencies, and their respective …
Read More »More job growth for U.S. economy
The U.S. economy added 228,000 jobs in November, slightly less than it added October, the U.S. Department of Labor announced Friday. Despite that gain, the nation’s unemployment rate remained at 4.1 percent, a 17-year low, the department reported. The hiring was broad-based, with gains posted in healthcare, manufacturing and business …
Read More »Aerospace industry stays healthy
Aerospace is apparently alive and well in Southern California. The industry added an estimated 5,000 direct payroll jobs between 2014 and 2016, and supported more than 268,000 jobs last year, according to a report released Monday by the Los Angeles County Economic Development Corporation. The latter figure was an increase …
Read More »Inland wages lag behind other markets
Despite being one of the largest economic submarkets in the United States, the Inland Empire doesn’t measure up to other regions in some areas, a report has stated. The two-county region is the 19th largest employment center in the country, with slightly under 1.1 million payroll workers, according to data …
Read More »Local manufacturing stays up
Manufacturing in the Inland Empire continued to grow in November. The region’s purchasing managers index for the next-to-last month of 2017 was 54.7, essentially unchanged from October, according to data released Friday by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Fifty or above means …
Read More »Early holiday spending matches 2016
Seventy four percent of those who shopped on Thanksgiving Day-Black Friday spent as much or more than they did in 2016, good sign for the rest of this year’s holiday shopping season, according to a report released Wednesday. Also, 60 percent of the money spent by shoppers during that two-day …
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