Archive for the ‘ Economy ’ Category

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Bloomberg News
July 27, 2018

Consumer spending propelled U.S. economic growth to a 4.1% pace in the second quarter, the fastest since 2014, letting President Donald Trump claim a win for his policies even though most analysts see the high as temporary.

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The FedEx Boeing 757 delivery place will fly by at the second annual Breitling Huntington Beach Airshow, Sat. – Sun., Sept. 30 – Oct. 1., with a practice day Friday, Sept. 29 at Huntington Beach. (Photo courtesy Breitling Huntington Beach Airshow)

By Brian Whitehead | bwhitehead@scng.com | San Bernardino Sun
Published: July 25, 2018 at 7:00 am | Updated: July 25, 2018 at 7:01 am

FedEx Express will begin operating daily cargo flights out of San Bernardino International Airport in October, under terms of a new 10-year agreement.

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By Sandra Emerson | semerson@scng.com | Inland Valley Daily Bulletin
Published: June 27, 2018 at 6:06 pm | Updated: June 27, 2018 at 6:07 pm

FedEx Express has announced it will extend its lease at the Ontario International Airport for at least another three decades, and it plans to make $100 million in improvements there.

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By Benjy Egel
begel@sacbee.com

Publiahed: May 04, 2018 – 10:01 AM
Updated: May 04, 2018 03:44 PM

The Golden State is getting even richer.

California is now the world’s fifth-largest economy, according to data released Friday morning by the U.S. Department of Commerce. Its 2017 Gross State Product was $2.747 trillion, surpassing the United Kingdom’s $2.625 trillion Gross Domestic Product.

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CNBC: Nonfarm payrolls increase by 313,000 in February vs. 200,000 est.

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Jeff Cox | @JeffCoxCNBCcom
Published: March 9, 2018

  • Nonfarm payrolls rose by 313,000 in February while the unemployment rate remained at 4.1 percent, the lowest since December 2000.
  • Wage growth was muted, however, with average hourly earnings up 2.6 percent on an annualized basis, 0.2 percentage points below expectations
  • The stock market rallied after the report.

The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears.

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Fourth-quarter apartment rents averaged $1,883 a month in Los Angeles County and $1,871 a month in Orange County, market tracker Reis Inc. reported recently. Rents in the region increased between 3 percent and 5.5 percent last year.

By Jeff Collins | JeffCollins@scng.com | Orange County Register
Published: February 15, 2018 at 1:50 pm | Updated: February 16, 2018 at 6:24 pm

A $300 rent hike threw Noemi Hernandez’ finances into a tizzy in 2016, forcing the part-time cashier to apply for food stamps and curtail spending on other things. A year later, her rent went up another $160.

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By Andrew Khouri
Jan 24, 2018 | 2:35 PM

Southern California median home price breaks record set last decade during housing bubble.

The Southern California median home price in December finally surpassed bubble-era highs, a milestone that took more than a decade to achieve and is once again raising concerns that housing is too costly.

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CALmatters: Commentary: Minimum wage hike, other acts have consequences

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By Dan Walters | Jan. 7, 2018 |

Outwardly, the McDonalds restaurant just off Highway 101 in Pismo Beach doesn’t look any different from the 1,500 or so others in California.

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Pending home sales numbers drop again, worrying California market analysts.

By Rose Meily |
Published: June 9, 2017 at 1:45 pm
Updated: June 9, 2017 at 2:03 pm

Consistent with the slowdown in April’s closed home sales, low housing inventory and eroding affordability suppressed pending home sales for the fourth straight month, the California Association of Realtors has announced. The state Realtor group’s April Market Pulse Survey shows mixed results, with Realtors reporting an increase in floor calls and less open house traffic for the fourth straight month.

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Natalie Kitroeff
May 19, 2017 – 2:45 p.m.

California employers slashed 16,300 jobs from payrolls in April, according to data released by the state’s Employment Development Department on Friday. It was the first month that the state has posted a job loss since June 2016.

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The Sacramento Bee: California’s economy growing faster than national average

By Phillip Reese
preese@sacbee.com
May 11, 2017

California’s economy grew faster in 2016 than all but a few other states, outpacing the average national growth for the sixth consecutive year, according to data released Thursday by the U.S. Bureau of Economic Analysis.

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A newly released report from Coldwell Banker Commercial details commercial activity that’s occurring throughout Southern California. This artist rendering of a new research facility for Huntington Medical Research Institutes (HMRI) in Pasadena is one of many projects that are underway throughout the region.

By Kevin Smith, San Gabriel Valley Tribune
Posted: 04/23/17 – 11:23 AM PDT |

Southern California’s commercial real estate market is booming, according to new report from Coldwell Banker Commercial.

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Darren Chin, project manager of Twelve Oaks, stands amid a vineyard on the 700-acre development, financed by Chinese investors. (Allen J. Schaben / Los Angeles Times)

David Pierson
April 23, 2016

David Liu made his first fortune more than two decades ago, exporting American scrap metal to his rapidly industrializing home country of China. After the financial crisis, he scored big again buying thousands of distressed apartments in the United States and selling them later for a tidy profit.

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Los Angeles Times: Unemployment in California falls to 4.9%, lowest since 2006

By Natalie Kitroeff
April 21, 2017

  • Job Layoffs Job Market Jobs and Workplace Unemployment and Layoffs

California piled on 19,300 jobs in March and its unemployment rate dropped to 4.9%, according to figures released Friday by the state’s Employment Development Department. That’s the first time since December 2006 that the jobless rate has fallen below 5%.

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Natalie Kitroeff
March 24, 2017

California’s unemployment rate ticked down to 5% in February, reaching a 10-year low on eight consecutive months of job growth.

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Natalie Kitroeff
March 24, 2017

California’s unemployment rate ticked down to 5% in February, reaching a 10-year low on eight consecutive months of job growth.

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CNBC: US created 235,000 jobs in Feb, vs 190,000 expected

Jeff Cox | @JeffCoxCNBCcom
March 10, 2017

Nonfarm payrolls increased by 235,000 in February and the unemployment rate was 4.7 percent in the first full month of President Donald Trump’s term, the Bureau of Labor Statistics reported Friday.

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By Kevin Smith, San Gabriel Valley Tribune
Posted: 03/03/17 – 2:16 PM PST |

Los Angeles County and the Inland Empire saw heavy job losses in January following the meager gains that were posted in December, but California still managed to add nearly 10,000 jobs, the state Employment Development Department reported Friday.

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California saw a net gain of 9,700 jobs in January while its unemployment rate fell to 5.1%. (Source: Employment Development Department and Los Angeles Times graphics)

Natalie Kitroeff
March 3, 2016

The California economy started 2017 on a strong note, with employers adding a net 9,700 jobs in January and the unemployment rate dropping to 5.1%, according to data released by the Employment Development Department.

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By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/01/17 – 5:56 PM PST |

CLAREMONT >> President Donald Trump’s tough talk on potential tariffs — which has some fearing a trade war — also concerns a leading regional business and economy expert.

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Don Lee
February 14, 2017

Federal Reserve Chairwoman Janet L. Yellen on Tuesday painted a largely upbeat picture of the economy, telling lawmakers that somewhat faster wage growth is in store for workers, even as she signaled that the central bank would consider raising interest rates as early as next month.

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Chris Nichols
Thursday, February 9, 2017 | Sacramento, CA |

The share of California home buyers who could afford the state’s median priced home remained at just 31 percent during the last quarter of 2016, according to a new report.

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Los Angeles Daily News: Area pay raises shrink to smallest in a year

The December edition default index suggests local borrowers may need to monitor their 2017 household budgets more carefully. (Photo by Mark Wilson/Getty Images)

By Jonathan Lansner
Posted: 02/06/17 – 5:04 PM PST |

It might not have been the year-end bonus you expected, as Southern California pay raises dipped to a one-year low as 2016 ended.

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California employers added just 3,700 jobs in December, according to the state Employment Development Department. That was less than a third of the 13,600 jobs that were added the previous month. (Photo by Neil Nisperos, SCNG/File)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 01/20/17 – 11:38 AM PST |

California employers scaled back their hiring in December with just 3,700 jobs added, the state Employment Development Department reported Friday.

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Los Angeles Times: Can L.A. support two NFL teams? It’s a challenge

Nathan Fenno
January 14, 2017

When Dan Reeves moved the Rams from Cleveland to Los Angeles in 1946, the owner made a prediction about his new home.

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Los Angeles Times: Southern California home prices keep rising, and sales jump

The Southern California median home price has now risen, year-over-year, every month for more than four years.

Andrew Khouri
December 27, 2016

Southern California home prices and sales rose in November compared with a year earlier, according to a report released Tuesday.

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A homebuyer who held off purchasing a $500,000 home in July when rates sank to 3.41 percent now will pay $255 more a month on a 30-year loan.

By Kathy Orton
December 22, 2016 at 5:58 PM

House hunters might need to start adjusting their expectations as the days of ultra-low mortgage rates could finally be winding down.

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Los Angeles County saw healthy job gains last month but the region’s construction sector posted a loss of 1,600 jobs. (AP File)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 12/16/16 – 5:31 PM PST |

California employers added 13,600 jobs in November, marking the weakest showing since March.

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By Kevin Smith, San Gabriel Valley Tribune
Posted: 12/16/16 – 5:32 PM PST |

California employers added 13,600 jobs in November, marking the weakest showing since March.

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InlandPolitics: Local economist who pimped warehouses now says — What jobs?

Saturday, December 10, 2016 – 10:30 a.m.

One would hope that several local Inland Empire governments are feeling stupid and duped these days.

But maybe they don’t care.

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By Kevin Smith, San Gabriel Valley Tribune
Posted: 12/04/16 – 4:20 PM PST |

Southern California’s construction industry is gaining traction after years of decline, but it still has a long way to go.

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warehouse

“There are a lot of people doing traditional warehouse work, but that will change,” says John Husing, chief economist for the Inland Empire Economic Partnership. “Everything is being automated.”

By Natalie Kitroeff
Dec. 4, 2016

When Skechers started building a colossal distribution center in Moreno Valley six years ago, backers promised a wave of new jobs.

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U.S. home prices are slightly above the peak set in July 2006, according to the Case-Shiller national home price index.

Andrew Khouri
November 29, 2016

Southern California home prices jumped last month, but sales flatlined in a region where homeownership is increasingly out of reach for the middle class.

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Los Angeles Times: Yellen affirms interest rate hike likely next month

federal reserve

Don Lee
November 17, 2016

Federal Reserve Chairwoman Janet L. Yellen gave a relatively upbeat assessment of the economy Thursday, further signaling a likely interest rate hike next month.

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The Sacramento Bee: California unemployment is stalled at 5.5 percent; here’s why

Jobs

Business & Real Estate
By Dale Kasler
dkasler@sacbee.com
November 18, 2016 – 9:00 AM

California employers added 31,200 more jobs to the state’s economy in October, although the unemployment rate held steady at 5.5 percent, state officials said Friday.

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Los Angeles Times: Southern California home sales dip in September

down-arrow

Andrew Khouri
October 26, 2016

The Southern California real estate market took a breather in September, with sales dipping slightly as the market entered a typically slower season amid price gains that have made homes less affordable.

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Los Angeles Times: California adds 30,000 jobs as unemployment holds at 5.5%

California

Natalie Kitroeff
October 21, 2016

California’s unrelenting economy refused to slow in September, amassing another 30,000 new jobs even as more people seeking work opted into the labor market, according to state data released Friday.

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Los Angeles Times: California added 63,000 jobs in August, 42% of U.S. total

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Natalie Kitroeff
September 16, 2016

California employers quieted any lingering doubts about the state’s economy in August, as an uptick in hiring helped absorb hordes of new job-seekers.

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Los Angeles Daily News: Home prices up for 51st straight month in LA, Inland Empire

Home for sale

Mortgage interest rates near all-time lows are a key factor in the housing market upward trajectory climb.

By Jeff Collins, jcollins@scng.com
Posted: 09/06/16 – 7:40 PM PDT |

House prices continued rising in July, increasing from year-ago levels for a 51st straight month in Los Angeles County and the Inland Empire and the 50th straight month in Orange County, the CoreLogic Home Price Index showed Tuesday.

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Hanjin

By Rachel Uranga, LA Daily News
Posted: 09/04/16, 8:22 PM PDT |

Several Southern California members of Congress urged the U.S. secretary of commerce to intervene in the worldwide supply chain havoc caused by the collapse of South Korean Hanjin Shipping Co., which has left local workers’ jobs in limbo and threatens to spoil the holiday season for retailers.

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Ashley Furniture

Ashley’s flagship store in downtown Shanghai. The company said it is closing its plants in San Bernardino so it can compete better globally. (Weng Lei / Imaginechina.)

Natalie Kitroeff
August 29, 2016

Southern California is losing another manufacturing stalwart.

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Daily Bulletin: Hundreds laid off at Ashley Furniture factory/warehouse in Colton

pink_slip

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 08/26/16 – 12:33 PM PDT |

COLTON >> About 840 employees at an Ashley Furniture HomeStore factory/warehouse in Colton were laid off Friday.

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Bloomberg: Economy in U.S. Grew at 1.1% Rate, Slower Than First Estimated

Bloomberg Business

Shobhana Chandra
August 26, 2016 — 5:30 AM PDT

The U.S. economy grew less than previously reported last quarter on lower government outlays and a bigger depletion of inventories, capping a sluggish first-half performance propped up mainly by consumer spending.

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Federal Reserve

The headquarters of the Federal Reserve in Washington, D.C., in 2015. (AP Photo/Andrew Harnik)

Jim Puzzanghera
August 17, 2016

Some Federal Reserve policymakers said at their most recent meeting that the economy appeared ready for another small increase in a key interest rate, according to an account released Wednesday.

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Economy
Despite longevity, total growth during this economic expansion is lower than for much shorter business cycles

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Wall Street Journal

By Eric Morath
Jul 29, 2016 – 10:39 am ET

Even seven years after the recession ended, the current stretch of economic gains has yielded less growth than much shorter business cycles.

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Bloomberg: U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter

Economy

Sho Chandra
July 29, 2016 — 5:30 AM PDT
Updated on July 29, 2016 — 6:54 AM PDT

The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.

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Jobs

Natalie Kitroeff
July 22, 2016

Defying critics of new state regulations, California continued to pad its hefty payrolls in June. Employers added a net 40,300 jobs over the month, the state reported Friday.

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Los Angeles

Southland economist Christopher Thornberg says California’s economy is solid, with healthy gains in employment and the housing market. Thornberg spoke Friday at a Mid-Year Economic Forecast & Trends Breakfast in Los Angeles. (File Photo by David Crane/Los Angeles Daily News)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/15/16 – 6:15 PM PDT |

The U.S. economy is in far better shape than many might think.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
July 9, 2016 – 4:44 PM

  • State’s $2.5 trillion economy now world’s sixth largest
  • However, recovery from recession has downside
  • Income gap widens, state moves toward two-tier society

The revelation that California’s $2.5 trillion economy is now the world’s sixth largest is a source of tub-thumping pride for the state’s politicians.

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Karma Automotive Factory

Robots rivet the side frame assembly on the body of a Revero electric car at the Karma automotive factory in Moreno Valley. Karma is the first car-building company in Southern California in decades. (Gina Ferazzi / Los Angeles Times)

Natalie Kitroeff
June 29, 2016

Los Angeles has hemorrhaged manufacturing jobs since 2007, casting a pall over the state’s economic recovery, according to a forecast released Tuesday by Chapman University.

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The Hill: Economic turmoil threatens Clinton

The Hill

By Alexander Bolton
06/28/16 – 06:11 AM EDT

A nine-hundred point drop in the stock market and signs of more economic turbulence to come is a troubling sign for Hillary Clinton, the presumptive Democratic presidential nominee effectively running for President Obama’s third term.

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Home Construction

By Jonathan Lansner and Marilyn Kalfus, Staff Writers
Posted: 06/25/16 – 6:44 PM PDT |

Dave Miller leaves work in his gold GMC Sierra in midafternoon, loaded up with Arizona iced tea and sesame seeds. He tunes the radio to 95.5 FM KLOS, classic rock.

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NYSE Trading Floor

A television screen on the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Friday, June 24, 2016. The DJIA dropped 611 points, or 3.4 percent, to 17,399 in heavy trading Friday. Stocks plunged in the U.S. and worldwide after Britain voted to leave the European Union. (AP Photo/Richard Drew)

By Rachel Uranga, rachel.uranga@langnews.com, @racheluranga on Twitter
Posted: 06/24/16 – 7:31 PM PDT |

Britain’s exit from the European Union shocked markets, reshuffled alliances and created a new political reality that experts say will be felt in Southern California.

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Los Angeles Times: California adds jobs as its unemployment falls to 5.2%

Jobs

Health services was one of the industries that added the most jobs in May.

Natalie Kitroeff
June 17, 2016

California’s job growth continued in May as employers added 15,200 people to their payrolls, according to a state data release.

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Inland Empire

By Fielding Buck, The Press-Enterprise
Posted: 06/04/16 – 8:32 PM PDT | U

RIVERSIDE >> Inland Southern California’s long boom might be over, researchers suggested this week at UC Riverside.

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Bloomberg: Employers in U.S. Add Fewest Workers in Almost Six Years

Bloomberg Logo

Sho Chandra
Published: June 3, 2016 — 5:30 AM PDT
Updated:   June 3, 2016 — 6:04 AM PDT

Employers in May added the fewest number of workers in almost six years, reflecting broad cutbacks that may raise concern about U.S. growth and prompt Federal Reserve policy makers to put off an increase in interest rates.

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Food Servers

Salad makers prepare lunch at Tender Greens in Santa Monica. Food servers are expected to see strong job growth through 2020. (Los Angeles Times)

Natalie Kitroeff
May 31, 2016

  • Food servers, who earn relatively little, will see strong job growth through 2020.

Los Angeles County will add hundreds of thousands of jobs over the next four years, most of them low paying, according to a report released Wednesday by the Los Angeles County Economic Development Corporation.

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The Press-Enterprise: EASTVALE: Amazon announces fulfillment center

Amazon

Published: May 25, 2016 – Updated: 5:21 p.m.

Amazon announced today it will open a fulfillment center in Eastvale.

The online retail giant has fullfilment centers in Moreno Valley, Redlands, Rialto and San Bernardino. It also has a sortation center in San Bernardino.

To read article by Fielding Buck in The Press-Enterprise, click here.

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Job growth picks up in April.

Natalie Kitroeff
May 20, 2016

California employers picked up hiring in April, adding 59,600 jobs during the month, according to state data released Friday.

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Restaurant Worker

Restaurant workers, cashiers, parking lot attendants and other low-paid workers will benefit when California’s wage begins rising. But many business owners will be grappling with increased costs, leading to price hikes, reduced hours, increased automation or layoffs. (File)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 05/07/16 – 5:55 PM PDT |

California’s new minimum wage requirements are being hailed by supporters who say workers must earn a “living wage,” but others fear the pay hikes will fuel layoffs, higher prices and more automation as businesses scramble to offset increased costs.

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Refinery

Flyers were placed on nearly every door within a mile radius of the ExxonMobil refinery notifying residents of the impending restart of the facility. Thursday, May 5, 2016, Torrance, CA. (Steve McCrank/Staff Photographer)

By Nick Green, Daily Breeze
Posted: 05/05/16 – 8:40 PM PDT |

The February 2015 explosion that shuttered the ExxonMobil plant in Torrance was the costliest disruption at a California refinery in the past 16 years, with motorists paying at least $2.4 billion in higher pump prices in the following six months, according to a recent RAND study.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
May 2, 2016 – 3:01 PM

  • State has huge backlog of unmet housing needs
  • Demand-supply housing gap is widening
  • Poor hit hardest by rising housing costs

Three dry statistical reports issued simultaneously Monday reveal the stark dimensions of California’s deepening housing crisis.

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The Wall Street Journal: U.S. Growth Starts Year in Familiar Rut

GDP

Global headwinds, weak business spending could continue to weigh on GDP in coming quarters

By Jeffrey Sparshott
Updated: April 28, 2016 – 6:39 p.m. ET

A sharp pullback in business investment and weak global demand dragged down an already-lackluster U.S. economy in the opening months of 2016, the latest setback in a bumpy expansion entering its seventh year.

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The Sun: Millions of square feet of warehouse space created Inland, more to come

An aerial view of warehouses in Riverside County.

By Fielding Buck, The Press-Enterprise
Posted: 04/19/16 – 11:06 PM PDT |

Warehouses totaling more than 6 million square feet of space were completed in the Inland region in the first quarter of 2016, and nearly 16 million square feet are under construction.

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Los Angeles Times: Southern California home prices surge in March; sales inch up

Home for sale

Andrew Khouri
April 18, 2016

Southern California home prices jumped 5.6% in March, as buyers fought over a meager supply of homes for sale and bid up values.

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American Apparel

American Apparel headquarters and manufacturing building located on Alameda Street and 7th street in Los Angeles where the clothier that was once a fashion trailblazer has taken drastic steps to stave off financial ruin. (Al Seib / Los Angeles Times)

Shan Li and Natalie Kitroeff
April 15, 2016

Los Angeles was once the epicenter of apparel manufacturing, attracting buyers from across the world to its clothing factories, sample rooms and design studios.

Read the rest of this entry »

Jobs

Natalie Kitroeff
April 15, 2016

California added 4,200 jobs in March, the Employment Development Department reported Friday.

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Los Angeles

California’s economy will grow faster this year than the national economy, according to a new study. (Mel Melcon / Los Angeles Times)

Natalie Kitroeff
April 6, 2016

California’s economy will grow faster this year than the national economy, and unemployment will drop to 5% in early 2017, according to a new report by the UCLA Anderson Forecast.

Read the rest of this entry »

Minimum Wage

By Don Thompson, Associated Press
Apr. 4, 2016 – 2:59 AM ET

SACRAMENTO, Calif. (AP) — California’s governor is setting in motion the most populous state’s climb toward the nation’s highest statewide minimum wage of $15 an hour to take effect by 2022.

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Self-service kiosk ar McDonald's, Friargate, Preston

Sunday, April 3, 2016 – 12:00 p.m.

California is set to increase the state’s minimum wage to $15 per hour by 2022.

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Minimum-Wage

Liam Dillon and Patrick McGreevy
March 31, 2016

In a move that puts California at the forefront of efforts to raise wages for low-income workers across the country, the Legislature approved a sweeping plan Thursday to raise the minimum wage to $15 an hour over the next six years, boosting the future paychecks of millions of the state’s workers.

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Ontario International Airport

Published: March 30, 2016 – Updated: 10:52 a.m.

Passenger traffic at Ontario International Airport increased nearly 5.7 percent in February over the same month in 2015, with 295,948 passengers using the Inland facility.

To read article by Richard K. De Atley in The Press-Enterprise, click here.

Amazon

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/30/16 – 10:47 AM PDT |

SAN BERNARDINO >> Amazon is planning to add more than 1,000 jobs to the region, announcing Wednesday that it will build a second fulfillment center in the city.

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State Capitol

By Don Thompson, Associated Press
Mar. 31, 2016 – 2:22 AM ET

SACRAMENTO, Calif. (AP) — California state lawmakers are poised to enact the nation’s highest statewide minimum wage on Thursday, with gradual increases to $15 by 2022.

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Up Arrow

By Hudson Sangree and Hector Amezcua
hsangree@sacbee.com
March 29, 2016 – 6:44 PM

  • Major industries affected would be farming, restaurants and retail
  • Impact could be greater in rural areas where cost of living is lower
  • Farmers who sell produce out of state could have a harder time competing

A landmark plan to raise the state’s minimum wage to $15 by 2022 could create sweeping changes across the industries that rely on low-wage workers and improve the living standards for millions of Californians employed in farm fields, restaurants and retail stores.

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Jerry Brown

Gov. Jerry Brown joined legislators and labor leaders Monday in Sacramento to announce a landmark agreement that would make California the first state in the nation to commit to raising the minimum wage to $15 per hour statewide. (Renée C. Byer rbyer@sacbee.com)

Capitol Alert
By Jim Miller and Jeremy B. White
jmiller@sacbee.com
March 28, 2016 – 7:30 AM

  • Hourly wage would increase to $15 an hour by 2022
  • Announcement comes days after November ballot measure qualifies
  • Business groups call plan ‘reckless’

Gov. Jerry Brown, Democratic leaders and labor leaders Monday touted an agreement that would raise the minimum wage to $15 an hour by 2022, saying the pact should avert an expensive ballot fight this fall.

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Daily Bulletin: UPS adding jobs, space at Ontario airport

UPS

By Liset Márquez, Inland Valley Daily Bulletin
Posted: 03/27/16 – 7:52 PM PDT |

ONTARIO >> UPS has unveiled plans to add 500 jobs, growing its operations at LA/Ontario International Airport over the next five years in a bid to keep up with the growth in e-commerce.

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Minimum-Wage

John Myers and Liam Dillon
March 26, 2016

Lawmakers and labor unions have struck a tentative deal to raise the statewide minimum wage to $10.50 an hour next year and then gradually to $15, averting a costly political campaign this fall and possibly putting California at the forefront of a national movement.

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InlandPolitics: Local economist gets called on poor Inland Empire wage growth

Jobs

Friday, March 25, 2016 – 11:00 a.m.

The Inland Empire’s economic cheerleader was out touting the region’s job growth this week.

But he didn’t say much about all-important wage growth.

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California

John Myers
March 22, 2016

State lawmakers now face a political ultimatum over California’s minimum wage: quickly take action to boost it above the current $10 an hour, or stand aside for a fall campaign in which voters are urged to do it themselves.

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Money

Julie Makinen
March 11, 2016

Los Angeles is now the eighth most expensive city in the world for tourists and foreign businesspeople, a study released Thursday said, as a rising U.S. dollar has pushed the City of Angels ahead of pricey metropolises including Tokyo and Shanghai.

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THE Press-Enterprise: REAL ESTATE: Inland commercial forecast mixed

Howard Warehouse - Redlands

Published: March 4, 2016 – 6:23 p.m.

A rapidly changing industrial landscape means a mixed bag for commercial real estate for the Inland area for the remainder of 2016, according to a forecast by a key real estate company.

To read Staff Report in The Press-Enterprise, click here.

Ontario International Airport

By Liset Márquez, Inland Valley Daily Bulletin
Posted: 03/06/16 – 6:40 PM PST |

CLAREMONT >> What does a thriving LA/Ontario International Airport mean to the Inland Empire’s economy? It’s a question many economists and officials have asked as ONT’s passenger traffic dwindled by 32 percent from 2007 and 2010.

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Economy

Jim Puzzanghera
March 4, 2016

A surprisingly strong gain of 242,000 net new jobs last month helped ease fears that the U.S. was skidding toward a recession, but a disappointing drop in average wages showed that the labor market is still a ways from fully healed.

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Jobs

Jim Puzzanghera
March 4, 2016

The labor market showed surprising strength last month in the face of slowing global growth, adding a robust 242,000 net new jobs after disappointing gains in January added to fears the U.S. economic recovery was losing momentum.

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