The U.S. economy added 252,000 jobs in December, ending the country’s best year for hiring in 15 years. Unemployment dropped to 5.6 percent – down from 5.8 percent in November – the lowest jobless rate since 2008, according to data released Friday by the U.S. Department of Labor. Also, 50,000 …
Read More »Local manufacturing up
Manufacturing in the Inland Empire is apparently back on track. The region’s purchasing managers index was 54.5 during December, four and half points above the benchmark for an expanding manufacturing sector. Most important, December was the third consecutive month that the index was 50 or above. Three consecutive months in …
Read More »Local manufacturing up
Manufacturing in the Inland Empire is apparently back on track. The region’s purchasing managers index was 54.5 during December, four and half points above the benchmark for an expanding manufacturing sector. Most important, December was the third consecutive month that the index was 50 or above. Three consecutive months in …
Read More »The Inland Empire office market is in recovery mode
It’s just not recovering as quickly, or as comprehensively, as most real estate professionals would like. While there is reason for some optimism, don’t look for any “spec” office construction in Riverside and San Bernardino counties this year. As 2015 begins, the Inland Empire office market is in much the …
Read More »Late surge on Xmas retail
A lot of people must have waited until the last minute this year to do their holiday shopping. Sales were up 3.1 percent for the week that ended Saturday compared with the same week in 2013, according to the International Council of Shopping Centers and Goldman Sachs Weekly Chain Store …
Read More »Applications for unemployment benefits declines
The number of U.S. residents seeking unemployment benefits dropped last week, a sign of continued job growth. Applications for unemployment benefits fell by 6,000 during that time to 289,000, the lowest level since late October, according to an Associated Press report. The four-week average fell by 750 applications to 298,750, …
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