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Inland employment stable in February

Unemployment continues downward trend

The Inland Empire recorded a 5.4 percent unemployment rate in February, essentially unchanged from the previous month, according to the state Employment Development Department. Between January and February, total non-agricultural employment in Riverside and San Bernardino counties declined by 12,300 jobs, to 1,710,700 jobs, the department reported. Trade, transportation, and …

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Pending homes sales decline

Homebuilding Veteran Joins Diversified Pacific, Sees Bright Future for Real Estate

Pending home sales dropped 4.1 percent nationwide during the four weeks that ended April 12, the largest decline in four years, a recent study found. During that time, 43 of the 50 largest housing markets recorded a decline in pending home sales, a trend attributed in part to the economic …

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Business pitch competition finalists named

Inland Empire Center for Entrepreneurship is accepting applications

Seven finalists will compete in the Greater Valley Innovation Showcase, a business-pitch competition scheduled to be held April 21 at the Palm Desert Entrepreneurial Resource Center. The Randall W. Lewis Center for Entrepreneurship at Cal State San Bernardino is sponsoring the event, during which each team will present an idea …

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Futrell to leave Riverside

Riverside City Manager Mike Futrell is leaving the city to take the same position in Pasadena. Futrell, who has been Riverside’s top executive since January 2023, helped lead the city out of the post-pandemic era, while strengthening its finances, and reaffirming its AA+ credit rating, according to a statement on …

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Rialto Walmart is back in business

A Walmart in Rialto reopened April 10 following a remodel. The 40,000-square-foot store at 300 W. Base Line underwent several enhancements, including wider aisles, upgrades to its pharmacy and online delivery and pick-up service, and installation of signs, LED lighting and fixtures, according to a statement. “Our team worked hard, …

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