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Tag Archives: Economy

More jobs, but unemployment still goes up

Unemployment, Jobs Both Rise

The U.S. economy added an estimated 156,000 non-agricultural jobs in December, according to data released Friday. Wages were up 2.9 percent year-over-year, the strongest gain in that category in seven years and a sign that the economic recovery is finally showing up in workers’ paychecks, the U.S. Bureau of Labor …

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Inland Empire Manufacturing Slumps

Inland Empire Makes News in Manufacturing.001

The Inland Empire’s manufacturing sector is no longer growing. The two-county region’s purchasing managers index was 47.4 in December, the third consecutive month that figure was below 50, according to data released Wednesday by the Institute of Applied Research and Policy Analysis at Cal State Fullerton. Because 50 is the …

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Inland Empire Economic Growth Revised Up

Asian-Owned Businesses Continue to Grow

The Inland Empire economy grew slightly more during the third quarter than previously estimated, according to data recently released. Riverside and San Bernardino County’s gross metropolitan product grew 2.6 percent annually through the third quarter, not 2.2 percent as was reported last month, the UC Riverside School of Business Center …

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State adds jobs, unemployment rate finally drops

State Posts Solid Job Numbers

California employers added 13,600 jobs in November, enough to drop the unemployment rate to 5.3 percent, according to data released Friday. The state added jobs during the four months before November, yet its unemployment rate never changed from 5.5 percent, so Friday’s numbers represent a slight breakthrough, the state Employment …

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Interest rate hike not expected to be felt locally

Inland Empire Rents on the Rise

The Federal Reserve’s decision to raise interest rates is likely to have little impact on the Inland Empire economy, according to several local economists. The increase, which was announced Wednesday, had been long anticipated. It lifts the Fed’s benchmark rate to a range of 0.5 percent to 0.75 percent, still …

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Evictions plague much of U.S.

Evictions plague much of U.S.

An estimated 2.7 million renters in the United States were evicted from their residences last year, according to data released Monday. That number could be low because there is no national database on evictions. Also, the U.S Census Bureau doesn’t track eviction-related data, although it’s scheduled to begin doing so …

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