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Tag Archives: Economy

U.S. consumers curbed their spending in September

Record sales for holiday retail

Retail sales nationwide dipped slightly between August and September, mostly because of several months of back-to-school spending, according to the National Retail Federation. Total retail sales, not counting automobiles and gasoline, fell 0.6 percent month-over-month, the Washington, D.C.-based trade association reported. That number was seasonally adjusted. On a positive note, …

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Inland industrial market shows some backbone

IE manufacturing

The Inland Empire industrial market held steady during third quarter, posting increases in absorption and lease rates and maintaining its second quarter vacancy rate, according to data released Oct. 8. The region absorbed three million square feet of industrial space during the third quarter, a “strong rebound” from the second …

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State’s economy hits a bump in the road

Inland Empire economy braces for 2025

California’s economy is slowing down. Unemployment is rising, growth has cooled, housing is still too expensive and difficult to build, and energy prices are higher than in most parts of the country, according to Beacon Economics in Los Angeles. That’s not to say California is not relinquishing its status as …

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State’s economy hits a bump in the road

inland Empire unemployment rises

California’s economy is slowing down. Unemployment is rising, growth has cooled, housing is still too expensive and difficult to build, and energy prices are higher than in most parts of the country, according to Beacon Economics in Los Angeles. To be sure, California is not relinquishing its status as a …

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Inland unemployment drops slightly

Inland unemployment rate falls

The Inland Empire recorded an unemployment rate of 6.1 percent in August, down from a revised 6.4 percent the previous month, according to a report. Also last month, California’s unemployment rate was 5.8 percent, while the nations were 4.5 percent, the state Employment Development Department reported recently. Those numbers are …

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U.S. shoppers appear ready to spend on Halloween

Halloween spending expected to be down slightly in 2024

Despite apprehension about the economy, spending on the holiday devoted to ghosts, goblins and trick-or-treating and is expected to reach $13.1 billion this year, according to the National Retail Federation. That would top last year’s $11.6 billion, and the record $12.2 billion spent two years ago, if the federation’s annual …

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