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Tag Archives: Economy

State exports helped by “summer surge”

State exports drop slightly

California exported nearly $16 billion worth of goods in July, a 6.4 percent year-over-year increase, according to data published recently. At the same time, U.S. exports rose by 3.7 percent, to $175.1 billion, raising California’s share of the national export trade two percentage points, to 9.1 percent, the U.S. Census …

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Inland jobless rate rises

inland Empire unemployment rises

The Inland Empire recorded an unadjusted unemployment rate of 6.4 percent in July, up from a revised six percent in June and above the 5.9 percent of exactly one year earlier, according to data released Aug. 15. This compares with an unadjusted unemployment rate of 6.1 percent for California and …

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Inland manufacturing rebounds

IE manufacturing surges

The Inland Empire’s steep drop in manufacturing in June was apparently an aberration, not the start of a bad trend. The region’s purchasing managers index in June was 56.9, a strong rebound from the 50 recorded in May according to the Institute of Applied Research and Policy Analysis at Cal …

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Retail spending bounces back

Holiday retail outlook is good, but not great

Nationwide retail spending made a comeback in July, boosted by summer sales that were put into place before more tariffs begin to affect the price of some goods, according to the National Retail Federation. Retail sales last month were up 1.45 percent month-over-month and up 5.8 percent over last year, …

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State exports dropped slightly

State exports up

California exports declined slightly in June, according to a recent report. The state’s international merchandise trade was estimate at $15.6 billion during the sixth month of the year, a .08 percent drop recorded in June 2024, Beacon Economics in Los Angeles reported. During the same period, U.S. exports rose by …

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Economist takes second look at Inland economy

Inland Empire economy braces for 2025

At the start of this year, there was reason to be optimistic about the Inland Empire economy. As of November, the region’s unemployment rate was 5.3 percent, according to the state Employment Development Department. That was a respectable number, and close to the four to five percent range that most …

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