The economic development agencies of Riverside and San Bernardino counties join together with the Los Angeles Port Authority and UC Riverside. The first goal is to get more high-paying manufacturing jobs into the region. Move over Inland Empire Economic Partnership? There’s another entity trying to bring jobs to Riverside and …
Read More »State unemployment rate doesn’t move
California’s unemployment rate remained unchanged at 7.4 percent during August, despite adding 44,200 jobs during the month. About 15.5 million people were employed in the state last month, meaning California has added approximately 1.4 million jobs since February 2010, according to data released Friday by the State Employment Development Department. …
Read More »Inland incomes grew last year
The Inland economy showed signs of recovery last year, but also signs that the region is still feeling fallout from the recession, according to data released Wednesday by the U.S. Census Bureau. Incomes were up and the two-county region’s poverty rate fell during 2013, but not all of the news …
Read More »Poverty down nationwide
For the first time since 2006, poverty in the United States has dropped. The country’s poverty rate last year was 14.5 percent, down from 15 percent in 2012, according to the U.S. Census Bureau’s annual report on poverty, which was released Tuesday. Roughly 45.3 million people in the United States …
Read More »Retail stays strong
U.S. retailers have posted another solid week, aided in part by the end of back-to-school season. Sales were up three 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 Stores Sales Index, …
Read More »Consumer spending drops
U.S consumers cut their spending slightly during 2013, the first drop in overall spending in three years. Average expenditures last year among “consumer units” – mostly families and singles – was $51,1000, down 0.7 percent from 2012, according to data released Tuesday by the U.S. Department of Labor. Consumers increased …
Read More »