Archive for the ‘ Economy ’ Category

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.

Up Arrow

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.

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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.

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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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Dan Walters

By Dan Walters
dwalters@sacbee.com
March 3, 2016 – 3:28 PM

  • Supreme Court allows ‘inclusionary’ housing laws
  • Such approaches don’t really solve crisis
  • California needs to build a lot more housing

Advocates of so-called “inclusionary” policies to provide more housing to low- and moderate-income families were elated when the U.S. Supreme Court this week spurned a challenge to San Jose’s ordinance.

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Beacon Economics

A trio of new reports from Beacon Economics show that high home prices are driving low and medium-wage workers out of California. The studies also say that not enough homes are being built.

By Kevin Smith, San Gabriel Valley Tribune
Posted: 03/03/16 – 2:01 AM PST | Updated: 1 hr ago

California boasts some of the highest wages and fastest rates of job growth in the nation but high housing costs are pushing many people out of the state, according to a trio of reports released Wednesday.

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Los Angeles Times: California economy is poised to grow in 2016 and 2017, report says

California

Shan Li
February 17, 2016

Employers in Los Angeles and the rest of California will keep hiring in the next two years but at a slightly slower pace than in 2015, a new report said.

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The Wall Street Journal: Imports Rebound at Southern California Ports

Port of Los Angeles

The ports of Los Angeles and Long Beach reported a jump in imports last month compared with a year earlier, when severe congestion had snarled traffic.

By Erica E. Phillips
Updated: Feb. 11, 2016 – 3:33 p.m. ET

The two busiest U.S. ports on Thursday reported slight growth in imports, the latest sign that many companies are holding back on spending as they wait for the economic picture to clear.

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The Sun: How the former Rialto Airport will be developed

Rialto-Seal

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 02/07/16 – 4:20 PM PST |

RIALTO >> One of the larger redevelopment projects in the Inland Empire is currently taking shape in and around the former Rialto Airport, with developers in discussions with potential tenants and city officials eager to usher in new housing, job and revenue opportunities.

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Bloomberg Business: Payrolls in U.S. Climb as Jobless Rate Declines, Wages Rise

Bloomberg Business

Victoria Stilwell
February 5, 2016 — 5:30 AM PST
Updated on February 5, 2016 — 7:16 AM PST

Job growth settled into a more sustainable pace in January and the unemployment rate dropped to an almost eight-year low of 4.9 percent, signs of a resilient labor market that’s causing wage growth to stir.

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MarketWatch: U.S. GDP fizzles in the fourth quarter

Economy

By Jeffry Bartash, Reporter
Published: Jan 29, 2016 – 1:30 p.m. ET

  • Growth tapers off as consumers, businesses cut back
  • Exports were a drag on growth throughout 2015.

WASHINGTON (MarketWatch) — The economy bogged down at the end of 2015, raising questions about whether U.S. growth is losing momentum.

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The Sacramento Business Journal: S&P says California economy might have peaked

Standard & Poor's

Allen Young, Staff Writer
Sacramento Business Journal
Jan 25, 2016 – 2:27pm PST

Standard & Poor’s, one of the nation’s top three credit ratings services, has forecast another year of economic growth for the California economy. But in a report released Monday, the agency also warned that the growth may soon end.

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The Press-Enterprise: ECONOMY: Inland jobless rate dips below 6 percent

Inland Empire

In December, unemployment in Inland Southern California dropped below 6 percent for the first time since the recession, according to figures released by the state.

Published: Jan. 22, 2016 – 3:58 p.m.

For the first time since the recession, the Inland unemployment rate dropped below the 6 percent figure, hitting 5.9 percent for December in the Riverside-San Bernardino-Ontario area.

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

Dan Walters

By Dan Walters
dwalters@sacbee.com
January 23, 2016 – 9:55 AM

  • California ended 2015 with employment gain
  • Yet recovery from recession has been uneven
  • High-skill and low-skill jobs grow, middling jobs stagnant

Gov. Jerry Brown delivered a mixed economic message to the Legislature last week – hailing California’s strong recovery from the Great Recession but warning it could quickly turn sour.

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Jobs

Chris Kirkham
January 22, 2016

California employers added 60,400 jobs in December, according to state data, one of the largest single-month gains in the last three years.

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InlandPolitics: California Driver’s continue to get hosed at the gas pump

Gas Prices

Monday, January 18, 2016 – 11:30 a.m.
Last Modified: Monday, January 18, 2016 – 05:00 p.m.

As crude oil prices hit multi-year lows, California continues to get hosed by gasoline refiners.

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The Sacramento Bee: Dan Walters: State’s big housing dilemma

Dan Walters

By Dan Walters
dwalters@sacbee.com
January 16, 2016 9:54 AM

  • California falls short in meeting housing demand
  • Shortage pushes costs, especially rents, sky-high
  • Politicians talk about it, but do little

It’s time once again for some fun with numbers, in this case the data on California’s serious – and worsening – housing crisis.

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March ARB

Rose Institute study puts area base’s annual economic value at $579 million

Published: Jan. 14, 2016 – Updated: 8:11 p.m.

March Air Reserve Base near Riverside gives the Inland area an economic boost worth $579 million a year, an analysis has found.

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

The San Francisco Chronicle: Rams, not Raiders, approved for move to Los Angeles

Rams

By Aaron Wilson and Rachel Swan
January 12, 2016
Updated: January 13, 2016 – 7:22am

HOUSTON — Oakland, the city with no stadium plans and a halfhearted effort to hang on to the Raiders, gets to keep the team anyway — for now.

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Roger Goodell

NFL Commissioner Roger Goodell, addressing the media on Dec. 2, has cleared the way for a vote on possible relocation to Los Angeles. (Brandon Wade / Associated Press)

Sam Farmer and Nathan Fenno
December 9, 2015

The current stadiums in Oakland, St. Louis and San Diego are “unsatisfactory and inadequate,” and the proposed solutions are not viable to keep the Raiders, Rams and Chargers in their home markets, NFL Commissioner Roger Goodell said in a report distributed Saturday to all 32 teams.

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Bloomberg: Payrolls Surge, U.S. Jobless Rate at 5% as Workforce Grows

Bloomberg Business

Sho Chandra
Updated on January 8, 2016 — 7:09 AM PST
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  • U.S. Employers Add 292,000 Jobs in December

America’s labor-market juggernaut continued to roll unabated at the end of 2015.

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The Sacramento Bee: California exports plunge nearly 14 percent in November from 2014

down-arrow

Business & Real Estate
By Mark Glover
mglover@sacbee.com
January 6, 2016 12:07 PM

  • $12.86 billion in shipments is the lowest in six years
  • Analysts cite slowing economies among key trade partners
  • Year-to-date totals lag record 2014 by 4.3 percent

Sacramento —

Wavering economies among key California trading partners in the last half of 2015 landed with a thud in the Golden State in November.

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The Press-Enterprise: ECONOMY: Inland index shows marked decline

csusb_logo_new

The Purchasing Managers Index from Cal State San Bernardino scored at 42.1, down from 52.3 in November

Published: Jan. 5, 2016 – Updated: 2:40 p.m.

Weakness in new orders and production helped pull the area purchasing managers index for December to a six-year low, sparking concerns about a potential economic contraction.

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

Daily Bulletin: Passenger, cargo volume up at Ontario airport

Up Arrow

Passenger traffic is up 4 percent and cargo is up 13 percent at L.A./Ontario International Airport from November 2014 to November 2015.

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 12/29/15, 6:51 PM PST |

ONTARIO >> As they prepare to hand off control of L.A./Ontario International Airport, officials from Los Angeles World Airports are reporting a 4 percent passenger increase and a 13 percent increase in cargo at the Inland Empire travel hub for November this year over the same time last year.

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Reuters: U.S. holiday retail sales grow a ‘solid’ 7.9 percent: MasterCard

Reuters
Monday, December 28, 2015

(Reuters) – Strong online sales and demand for furniture and women’s apparel helped U.S. retail sales grow by a “solid” 7.9 percent this holiday season, according to MasterCard Advisors SpendingPulse.

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Gas Prices

Monday, December 28, 2015 – 09:45 a.m.

Every knew they wouldn’t let it go on for too long.

“They” being oil companies. “It” being low gasoline prices.

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The Sun: Inland Empire economy sees growth and expansion in 2015

Amazon

Workers work the assembly line at the new Amazon distribution center in San Bernardino. A fourth Amazon warehouse opened this year in the Inland Empire. (Staff File Photo)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 12/24/15 – 5:23 PM PST |

Positive employment growth, the expansion of the logistics industry in the Inland Empire and local control of Ontario Airport were key highlights for the regional economy in 2015, experts say.

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The Sacramento Bee: Dan Walters: Neighbors perhaps, friends no

Dan Walters

By Dan Walters
dwalters@sacbee.com
December 22, 2015 4:41 PM

  • California, 3 neighboring states much different
  • We get along with Oregon, not Arizona and Nevada
  • Relations with Nevada are particularly frosty

There’s always been an incongruity about California’s having three disparate states on its borders.

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Jobs

Chris Kirkham
December 18, 2015

California employers added just 5,500 jobs in November, according to federal data — a significant slowdown from more robust monthly gains earlier in the year.

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Help Wanted

In this Oct. 1, 2015 photo, a shopper walks past a store with a “Help Wanted” sign in the window, in New York. (AP Photo/Mark Lennihan)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 12/18/15 – 10:13 AM PST |

Los Angeles County and the Inland Empire both posted healthy job gains in November but California’s net gain amounted to just 5,500 jobs, the smallest monthly increase in more than three years.

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The Sacramento Bee: Dan Walters: Los Angeles could be Olympic winner and loser

Dan Walters

By Dan Walters
dwalters@sacbee.com
December 13, 2015

  • City’s bid for 2024 games advances
  • Boosters say it could be profitable on $4.5 billion budget
  • But city would have to cover any losses

Los Angeles moved closer last week to becoming the venue for the 2024 Summer Olympics when voters in Hamburg canceled its bid.

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The Sacramento Bee: Californians have high poverty, high incomes

Farm Workers

Farm workers pull weeds in a Kings County field in 2014. The agricultural county has California’s highest poverty rate, according to a new Census Bureau study. (Matt Black/NYT)

Capitol Alert
By Dan Walters
dwalters@sacbee.com
December 9, 2015

  • California has 15th highest state poverty rate in nation
  • Official poverty measure disregards living costs
  • State has highest poverty level by alternate method

Californians have both above-average poverty levels and above-average median family incomes, according to a new Census Bureau report.

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The Sacramento Bee: Dan Walters: State has pension dilemma

Dan Walters

By Dan Walters
walters@sacbee.com
December 5, 2015

  • Most California workers lack retirement plan
  • New state programs will try to close the gap
  • Secure Choice faces many hurdles

California has long prided itself on having an upwardly mobile, egalitarian gestalt, so there’s much irony in its evolution into a two-tiered society.

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Los Angeles Times: Yellen signals rate hike is coming later this month

interest_rates

Don Lee
December 2, 2015

Federal Reserve Chairwoman Janet L. Yellen, saying the U.S. economy has come a long way since the Great Recession, gave clear signals Wednesday that the central bank was likely to raise interest rates this month.

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Healthcare

U.S. health spending grew 5.3% last year, fueled by prescription drug costs and an expansion of insurance coverage, federal officials said Wednesday. (Fotolia / TNS)

Chad Terhune
December 2, 2015

U.S. healthcare spending grew 5.3% last year to $3 trillion, another sign that a historic slowdown in medical inflation may be ending, a new federal report shows.

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The Press-Enterprise: ONTARIO AIRPORT: Passenger traffic increases in October

Ontario International Airport

The number of flights increases; also, cargo tonnage is up at the Inland airport

Published: Dec. 1, 2015 – Updated: 4:59 p.m.

Both domestic and international passenger traffic at Ontario International Airport increased in October, up more than 5.6 percent. There were 380,584 passengers in October, compared with 360,256 for the same month one year ago.

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

California State University - San Bernardino

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 12/01/15 – 5:52 PM PST |

Manufacturing in the Inland Empire may be back in growth mode as manufacturers responded positively to questions about the state of their businesses, according to the latest report from the Institute of Applied Research at Cal State San Bernardino.

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The Sun: Amazon opens 6th California fulfillment center in Rialto

Amazon

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 11/24/15 – 4:51 PM PST |

RIALTO >> Online retail giant Amazon quietly began warehousing operations out of its sixth California-based e-commerce fulfillment center in Rialto earlier this month.

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Pay Raise

Abby Sewell
November 20, 2015

Workers represented by Los Angeles County’s largest employee union voted to approve a tentative agreement with county management that would give them a 10% raise over three years.

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unemployment down

Chris Kirkham
November 20, 2015

California employers added 41,200 net jobs in October, a significant increase from more sluggish growth reported a month earlier, according to data released Friday.

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Los Angeles Times: Here’s where we stand on the NFL returning to Los Angeles

NFL

Los Angeles has had several sites proposed for an NFL stadium over the years, yet the nation’s second-largest city is still without a team.

Sam Farmer
November 19, 2015

The clock is winding down on the likelihood of the NFL’s return to Los Angeles by the 2016 season, and the situation is as murky as ever.

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The Sacramento Bee: Analyst predicts strong economy, more California budget surpluses

LAO

Capitol Alert
By Jim Miller
jmiller@sacbee.com
November 18, 2015

  • Legislature’s fiscal analyst assumes continuing economic growth
  • Projected revenue through June 2016 about $3.5 billion more than budget projection
  • Gov. Jerry Brown will present proposed 2016-17 spending plan in January

California’s economic engine will continue to hum in the coming years, allowing the state to ring up a series of multibillion-dollar budget surpluses and build rainy-day reserves, the Legislature’s nonpartisan fiscal analyst projected Wednesday.

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federal reserve

Jim Puzzanghera
November 18, 2015

Most Federal Reserve policymakers believe next month could be the right time to nudge up a key interest rate for the first time in nearly a decade, according to minutes of their last meeting.

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The Sacramento Bee: Dan Walters: Is California’s economy booming? Not really

Dan Walters

By Dan Walters
dwalters@sacbee.com
November 17, 2015

  • De León, Brown tout carbon reduction as economic benefit
  • However, the connection is tenuous
  • The state’s economy remains relatively lethargic

Kevin de León, the state Senate’s president pro tem, has been making his way slowly to a global conference on climate change in Paris next month.

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Los Angeles Times: Strong jobs data set stage for rate hike

Jobs

Employers across a broad spectrum of industries added a net 271,000 new jobs in October.

Don Lee
November 6, 2015

Hiring and wages surged last month as the unemployment rate dropped to 5%, a symbolic threshold with potential significance both for the economy and the 2016 election.

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Keystone Pipeline Oklahoma

The Obama administration will deny the federal permit for the controversial Keystone XL pipeline, officials say.

Christi Parsons and Paul Richter
November 6, 2015

President Obama announced Friday that he was rejecting the controversial Keystone XL oil pipeline project because it wouldn’t serve U.S. interests, dismissing its potential economic benefits as insignificant over time as he sought to close a long-running chapter in the political fight over global warming.

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Los Angeles Times: Fight over Pacific trade agreement begins

TPP

Don Lee
November 5, 2015

The long-anticipated release Thursday of the sweeping Pacific Rim trade agreement text set off an intense public battle over its pros and cons that probably will rage until Congress issues its own verdict next year.

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The Press-Enterprise: ECONOMY: Inland manufacturing growth grinds to a halt

California State University - San Bernardino

Purchasing Managers Index for Inland Southern California registers 45.9 in October, setting a three-month trend of no growth in factory output and manufacturing.

Published: Nov. 2, 2015
Updated: Nov. 3, 2015 – 8:58 a.m.

The manufacturing sector in Inland Southern California is no longer growing, according to a new report by Cal State San Bernardino University’s Institute of Applied Research.

To read article by Debra Gruzecki in The Press-Enterprise, click here.

Fresh & Easy

Customers are seen here shopping at a Fresh & Easy on Bonita Avenue in San Dimas earlier this month. (Photo by James Carbone)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 11/01/15 – 3:46 PM PST |

Haggen and Fresh & Easy’s pullout of Southern California’s grocery industry doesn’t exactly bode well for the soon-to-arrive new kids on the block.

But they’re coming — and they’re bringing lots of jobs with them.

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The Press-Enterprise: UC RIVERSIDE: There’s no drought, expert says

Christopher Thornberg

Without significant economic consequences, it’s just a water shortage, expert tells business leaders.

Published: Oct. 30, 2015 – Updated: 4:31 p.m.

UC Riverside economist Christopher Thornberg told hundreds of business leaders at a recent economic forecast that there is no drought.

To read article by Janet Zimmerman in The Press-Enterprise, click here.