Nearly half of all Inland Empire households can’t afford routine household expenses, and about one-third had difficulty paying their energy bill within the past month, according to a published report. Among the 15 largest U.S. metropolitan markets, Riverside and San Bernardino counties had the highest number of residents that reported …
Read More »California keeps adding jobs
California added 28,300 non-agricultural jobs in March, and recorded a 5.3 percent unemployment rate for the second consecutive month, according to a recent report. The state has added jobs for 47 consecutive months while adding 3,062,700 jobs since April 2020, the state Employment Development reported. That’s an average of 62,500 …
Read More »Inland industrial shows signs of slowing
The Inland Empire industrial market recorded a 5.9 percent vacancy rate in the first quarter, as net absorption fell for the second time in a year. Five lease transactions of at least one million square feet were signed during the first three months of 2024, only two less than were …
Read More »State exports post year-over-year gains
California’s export trade reached $13.7 billion in February, up 2.6 percent from exactly one year earlier, according to data released April 8. At the same time, exports of manufactured goods rose 1.3 percent year-over-year, while the state’s overseas shipments of agricultural products and raw materials increased 8.6 percent compared with …
Read More »Report: California economy is better than most believe
In December, Calmatters published an ominous forecast of California’s economy heading into 2024. “Danger Signs For California’s Economy” read the headline. The nonprofit, nonpartisan news website that covers California exclusively then spelled out disturbing trends that were starting to roil the state’s economy. Rising unemployment, a budget surplus that turned …
Read More »Report: retail accounts for one-quarter of U.S. workforce
Retail accounted for 55 million full and part-time jobs in the United States in 2022, enough to make up 26 percent of the U.S. workforce, according to a study. Retail also contributed $3 trillion to the U.S. economy in 2022, or 20 percent of the labor income – the amount …
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