Archive for the ‘ Economy ’ Category

InlandPolitics: The experts are shocked?

Finger in Air

Friday, February 27, 2015 – 09: 30 a.m.

The gasoline industry experts say they’re shocked over skyrocketing California gasoline prices. Even the dealers say they’re dumbfounded.

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InlandPolitics: Gas pump ripoff escalates

Fuel Gas

Thursday, February 26, 2015 – 09:00 a.m.

California gas prices have continued skyrocketing. An unjustified climb that can be blamed on wholesalers and retailers, who are bilking consumers who don’t know any better.

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LATimes: Clearing cargo backlog at Southland ports may take three months

Port of Los Angeles

By Peter Jamison
February 24, 2015

Southern California port officials say it could take up to three months to clear cargo that piled up during a labor dispute that threatened to cripple West Coast commerce.

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InlandPolitics: California Driver’s get hosed by unjustified hike in gas prices

Gas Nozzle

Monday, February 23, 2015 – 09:00 a.m.

California driver’s are getting burned at the gas pump as usual.

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LATimes: Despite West Coast ports’ labor deal, normality not yet on horizon

Port of Los Angeles

Trucks in San Pedro begin to clear the cargo backlog at the ports of Long Beach and Los Angeles. (Katie Falkenberg / Los Angeles Times)

By Tiffany Hsu, Andrew Khouri and Peter Jamison
February 21, 2015

West Coast ports are emerging from the most contentious labor dispute in more than a decade, but lingering resentment and structural problems may complicate a return to normality.

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LATimes: Shipping lines and dockworkers reach deal; port shutdown averted

Port of Long Beach

Container ships wait offshore to get into the Port of Long Beach on Feb. 11. (Bob Chamberlin / Los Angeles Times)

By Andrew Khouri, Chris Kirkham and Peter Jamison
February 20, 2015

Shipping companies and dockworkers reached a tentative deal late Friday on a new labor contract, avoiding a shutdown of 29 ports that would have choked off trade through the West Coast.

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LATimes: Chargers, Raiders will jointly pursue an NFL stadium in Carson

NFL

The new NFL football stadium proposed by the San Diego Chargers and Oakland Raiders would be built on a 168-acre site at the southwest quadrant of the intersection of the 405 Freeway and Del Amo Boulevard.

By Sam Farmer
February 19, 2015

On the field, the San Diego Chargers and Oakland Raiders have had as bitter a rivalry as any in the NFL but in a sense, they’re now partners.

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LATimes: Port dispute is felt all along West Coast

Port of Oakland

Shipping volumes at the Port of Oakland plunged 32% in January. That followed a banner year in 2014, when it saw record traffic because of L.A. and Long Beach congestion. Above, containers on a ship at the port. (Justin Sullivan, Getty Images)

By Andrew Khouri and Tiffany Hsu
February 18, 2015

The labor dispute that has stalled dozens of massive ships off the ports of Los Angeles and Long Beach isn’t limited to the nation’s busiest cargo complex.

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LATimes: Southern California home sales down, prices flat

down-arrow

By Tim Logan
February 17, 2015

Southern California’s housing market got off to a slow start for the year in January, with sales down and prices treading water.

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LATmes: Investors snap up luxury hotels amid rising occupancy and room rates

Montage Resort
Luxury hotels such as the Montage Laguna Beach that endured the downturn are now thriving, making them appealing targets for investors. The resort sold last month. (Allen J. Schaben / Los Angeles Times)

By Roger Vincent
February 15, 2015

Pampered guests at the five-star Montage Laguna Beach resort can swim in a lap pool overlooking the Pacific, dine on caviar and sleep on goose-down pillows to a lullaby of crashing waves.

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InlandPolitics: Crude Oil falling on higher inventory number

Crude Oil Chart - 021115

Wednesday, February 11, 2015 – 08:45 a.m.

The trip above $53 for a barrel of West Texas Intermediate Crude Oil didn’t last long.

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InlandPolitics: Oil price gouging returns again

Crude OIl

Tuesday, February 10, 2015 – 09:15 a.m.

Oil price gouging returns again.

The price of crude oil, West Texas Intermediate and Brent, has been increasing over the past two weeks.

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The Lou Desmond & Company Show: Inside Washington & the IE

Lou Desmond

Monday, February 9, 2015 – 04:30 p.m.

Tonight on The Lou Desmond & Company Show, Collin Callahan, former intern for Rep. Jeff Denham (R-CA), and economist Jay Pray, join Lou to discuss an array of topics.

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YahooFinance: Is the Unemployment Rate of 5.7 Percent Just a ‘Big Lie’?

The Fiscal Times

The Fiscal Times
By Yuval Rosenberg
February 6, 2015 1:15 PM

The U.S. job market is, to use a technical term, really hot.

January saw non-farm payrolls jump by a better-than-expected 257,000, and data revisions lifted the totals for the prior two months by 147,000 more. Over the last three months, the economy added more than a million jobs, the strongest pace of labor market growth since 1997.

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Gallup

Wednesday, 04 Feb 2015 – 11:04 PM
By Cathy Burke

The 5.6 percent unemployment rate being trumpeted by the White House, Wall Street and the media is a “big lie,” the head of the Gallup polling firm says.

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B-2 Stealth Bomber

A B-2 stealth bomber is parked at a Northrop Grumman facility in the Antelope Valley. Northrop could build parts of the company’s proposed Long-Range Strike Bomber in Palmdale. (Al Seib / Los Angeles Times)

By Melody Petersen
February 8, 2015

The Pentagon is poised to spend billions to build a new stealth bomber, a top secret project that could bring hundreds of jobs to the wind-swept desert communities in Los Angeles County’s northern reaches.

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LATimes: Best wage growth in six years boosts another strong jobs report

Jobs

By Jim Puzzanghera
February 6, 2015

The economy had another robust month of job growth in January, adding 257,000 net new positions and producing the best wage gains in more than six years, the Labor Department reported Friday.

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InlandPolitics: Another example of warped reality

Sleeping Shades

Friday, February 6, 2015 – 01:00 p.m.

For decades, government failure after government failure has fallen on the Inland Empire.

Local officials for more than twenty-five years couldn’t see San Bernardino’s steady decline in progress. The city’s coffers were plundered to the point where redevelopment funds had to be essentially stolen to support the local governments general fund. When those funds were taken away by Governor Jerry Brown, the city filed for chapter 9 bankruptcy.

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SacBee (AP): West Coast port employers: Shutdown could be 5 days away

Port of Los Angeles

By JUSTIN PRITCHARD Associated Press

02/04/2015 7:01 PM

LOS ANGELES — West Coast seaports could shut down in as soon as five days — hobbling U.S. trade with Asia — if dockworkers and their employers cannot reach a new contract, the head of a maritime association warned Wednesday in remarks intended to pressure an agreement after nine months of negotiations.

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The PE: ECONOMY: ‘This recovery has legs,’ economist says

Chapman University

Growth in jobs and new home construction expected in 2015 in Inland region, Chapman University economist predicts.

Published: Jan. 30, 2015 – Updated: 10:06 p.m.

Consumers are in the best shape since the Great Recession, Chapman University economist Esmael Adibi said.

To read story by Debra Gruszecki in The Press-Enterprise, click here.

The Lou Desmond & Company Show: The Inland Empire Economy

Lou Desmond

Thursday, January 29, 2015 – 04:30 p.m.

Tonight on The Lou Desmond & Company Show, Cliff Cummings, President of Toyota of San Bernardino, joins Lou to discuss happenings in the City of San Bernardino, National School Choice Week and the overall health of the Inland Empire economy.

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DailyBulletin: ONT airport passenger activity rises in 2014

Ontario International Airport

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 01/27/15, 12:01 AM PST | Updated: 1 day ago

ONTARIO >> Annual passenger traffic at LA/Ontario International Airport is up for the first time since 2007, according to passenger figures released by Los Angeles World Airports on Tuesday.

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federal reserve

By Jim Puzzanghera
January 27, 2015

Federal Reserve policymakers kept their benchmark interest rate near zero and reiterated a plan to be patient about future hikes, even though they issued a more upbeat assessment of the U.S. economy.

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unemployment

By Dan Walters
dwalters@sacbee.com
01/27/2015 10:39 AM

Although California’s unemployment dropped fractionally to 7 percent in December, the state stands alone with the nation’s second-highest rate, exceeded only by Mississippi’s 7.2 percent.

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By Dan Walters
dwalters@sacbee.com
01/27/2015 12:50 PM

Although California’s industrial sector has been declining for decades and today employs just 8 percent of the state’s workers, it still generates a very large portion of the state’s economic output, a new Census Bureau report indicates.

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The Lou Desmond & Company Show: Local News & the Inland Empire Economy

Lou Desmond

Monday, January 26, 2015 – 05:00 p.m.

Tonight on The Lou Desmond & Company Show, Jay Prag, Clinicial Associate Professor at the Drucker School of Management at Claremont Graduate University, joins Lou.

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The Sun: Inland Empire jobless rate falls

unemployment down

By Kevin Smith, San Gabriel Valley Tribune
Posted: 01/23/15, 12:01 AM PST | Updated: 1 day ago

The Inland Empire saw a dramatic drop in unemployment last month. Its jobless rate for December was 7.2  percent, down from a revised 8  percent the previous month and 8.7  percent a year earlier, the state Employment Development Department reported Friday.

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Lewis-Group-of-Companies

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 01/23/15, 8:53 PM PST |

RANCHO CUCAMONGA >> The head of one of Southern California’s largest development companies predicted local economic growth in the coming year in a keynote speech in front of hundreds of real estate brokers at the Goldy S. Lewis Community Center in Rancho Cucamonga on Friday.

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InlandPolitics: Crude Oil continues slide, forecast to go lower

Crude Oil Chart - 01202015

(Graph Source: NASDAQ)

Tuesday, January 20, 2015 – 09:15 a.m.

The price of West Texas Intermediate Crude Oil is continuing on a downward trajectory.

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Manufacturing

The fastest-growing sectors of manufacturing in California tend to be in the higher skilled advanced-technology realm. Above, an employee assembles a server at the Z Microsystems facility in San Diego. (Sam Hodgson, Bloomberg)

By Chris Kirkham
January 19, 2015

The United States has seen a remarkable turnaround in manufacturing employment since the economy bottomed out five years ago — but California hasn’t.

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The Sun: San Bernardino ranks last for job seekers in WalletHub reports

Wallet Hub

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 01/18/15, 6:08 PM PST | Updated: 1 min ago

SAN BERNARDINO >> San Bernardino has ranked last in a list of the 150 “Best and Worst Cities to Find a Job,” released by the financial information website WalletHub.

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U.S. President Obama faces joint news conference at the White House in Washington

U.S. President Barack Obama faces a joint news conference with British Prime Minister David Cameron (Not Pictured) following their meeting at the White House in Washington January 16, 2015. (REUTERS/Kevin Lamarque)

Reuters
By Howard Schneider
DALTON, Georgia – Sun Jan 18, 2015 1:40pm EST

(Reuters) – Barack Obama enters the final two years of his presidency with a blemish on his legacy that looks impossible to erase: the decline of the middle class he has promised to rescue.

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LATimes (AP): Job openings jump to 14-year high; sign of strong hiring

Jobs

By Associated Press
January 13, 2015

WASHINGTON — The rapid hiring that made 2014 a stellar year for job gains is showing no sign of slowing down.

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InlandPolitics: More jobs, less money

Economy

Saturday, January 10, 2015 – 11:30 a.m.

Economic news on the labor front has been incrementally better. But not great!

Here’s the boiler plate summary.

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LATimes: LAX passenger volume reaches 14-year high as Los Angeles tourism surges

LAX

Los Angeles International Airport

By Dan Weikel
January 6, 2015

Local tourism in 2014 set its fourth record in as many years, city officials announced Tuesday, and Los Angeles International Airport exceeded its 14-year-old peak for airline travel and is now the nation’s second-busiest airport.

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DailyBulletin: ONT declines results in $2.6 billion economic loss

sam-emoticon

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 01/05/15, 7:38 PM PST | Updated: 19 secs ago

ONTARIO >> The decline in air service at LA/Ontario International Airport has resulted in a $2.6 billion loss on the region’s economy since 2010.

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InlandPolitics: Crude Oil continues plunge

Oil Collapse

Monday, January 5, 2015 – 10:30 a.m.

Crude Oil prices plunged again on Monday morning due to an ever increasing oversupply.

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LATimes: Overseas problems won’t derail growing U.S. economy, analysts say

NYSE
Traders work on the floor of the New York Stock Exchange on the first trading day of 2015. (Andrew Burton / Getty Images)

By Dean Starkman
January 2, 2015

NEW YORK — Call it the Great Divide: The new year figures to be one of robust economic growth in the U.S., with slowdowns, stagnation and setbacks everywhere else in the world.

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LATimes: Political standoffs in D.C. could impede economic growth in ’15

U.S. Capitol

By Jim Puzzanghera
December 31, 2014

The economy boomed through most of last year, a time when the nation’s capital was devoid of major budget fights and threats of government shutdown.

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SacBee: Opinion: California’s economy a mixed bag

Dan Walters

By Dan Walters
dwalters@sacbee.com
12/30/2014 10:43 PM

California is ending the year on an economic high note, having recovered all of the jobs it lost during the Great Recession and seeing employment continuing to expand.

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The Sun: San Bernardino development director Bill Manis has a plan

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 12/26/14, 1:25 PM PST | Updated: 1 min ago

SAN BERNARDINO >> Repeatedly over the last several years, city officials have cut what they acknowledge are important services, saying shrinking revenues leave the bankrupt city no choice.

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Adelanto

Brooke Self
Staff Writer
Posted Dec. 26, 2014 @ 8:31 pm
Updated Dec 26, 2014 at 8:36 PM

EDITOR’S NOTE: This is part of a series of articles reviewing 2014 in each of the Victor Valley’s four municipalities.

ADELANTO — It’s safe to say that Adelanto had something of a rocky year in 2014, facing a fiscal crisis that brought the city of 32,000 residents to the brink of bankruptcy.

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WashPost: Robust economic growth in third quarter raises hopes that a boom is on horizon

Economy

Economy
By Chico Harlan
December 23, 2014 at 8:14 PM

The U.S. economy is growing at an increasingly rapid pace, government data released Tuesday shows, raising hopes that a slow-going American recovery is transforming into a far more robust expansion.

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Politico: Obama’s next sales job: The economy

White House

WHITE HOUSE
Wage stagnation, long-term unemployment undermine rosy numbers.
By Edward-Isaac Dovere
12/23/14 6:58 PM EST

President Barack Obama will use his State of the Union address to roll out an agenda aimed at tackling stagnating wages and helping Americans who feel left out of the economy’s surge, and he’s planning to use the first few weeks of January to travel the country promoting a new economic message.

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The Sun: Inland Empire home sales expected to pick up in 2015

Home Construction

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 12/21/14, 7:35 PM PST |

The Inland Empire’s housing market — dormant for the better part of the past decade — appears to be stirring, with new construction sites sprouting throughout the region, and sales are underway in the first post-recession development in Ontario’s ambitious New Model Colony, where as many as 50,000 new homes are expected to be built over the next 20 years.

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SacBee: California saw ‘striking’ job gains in November

Jobs

State added more than 90,000 jobs in one month
By Hudson Sangree –
hsangree@sacbee.com
12/19/2014 10:00 AM | Updated: 12/19/2014 8:58 PM

Recovering from the Great Recession has been slow and uncertain for many Californians, especially in the Central Valley. But a state labor report released Friday provided evidence that the Sacramento region is now adding higher-paying jobs.

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LATimes: Consumer prices post biggest drop in 6 years on lower gasoline costs

Inflation

By Jim Puzzanghera
December 17, 2014

Plunging gasoline costs led to the largest drop in consumer prices in six years last month and added another complication for Federal Reserve policymakers as they try to determine when to start raising interest rates.

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federal reserve

By Jim Puzzanghera,
December 17, 2014

The American economic outlook, bolstered by robust job growth and a sharp drop in gasoline prices, was boosted a little more with the Federal Reserve’s signal that it would take as long as three years to raise interests to once-normal levels.

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LATimes: Southland home prices hit plateau

For Sale

The California Assn. of Realtors is predicting prices will grow 5.2% statewide next year, the slowest pace since 2011.

By Tim Logan
December 15, 2014

After a furious run-up in home prices in 2013, the Southern California housing market flattened out this year — setting the stage for slow but steady growth next year.

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LATimes: Sliding fuel costs could mean lower airfares next year, airlines say

Ontario International Airport

By Hugo Martin
December 10, 2014

With fuel prices dropping and airline profits soaring, travelers could reap the benefits with a 5% drop in fares next year, according to a trade group for the world’s airlines.

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VVDailyPress: SCLA buildout continues

SCLA

By STAFF REPORTS
Posted Dec. 8, 2014 @ 4:08 pm
Updated Dec 8, 2014 at 4:11 PM

VICTORVILLE — The largely occupied Southern California Logistics Airport is going to boast a new industrial building on 22 acres that will help provide additional space to accommodate demand, a joint venture company announced Monday.

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LATimes: Southland adding jobs at rapid pace but many have low pay, reports say

Best Buy

Projections show that more than 70% of total job openings through 2018 will be in occupations that require no college degree, including those in retail. Above, employees of a Best Buy store in Culver City hand out coupons to shoppers waiting in line on Thanksgiving. (Marcus Yam, Los Angeles Times)

Andrea Chang
December 4, 2014

Southern California job creation has grown rapidly over the last two years, but the recovery has been dominated by lower-paying service jobs in retail and food services, according to new research.

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pensions

By Michael A. Fletcher
December 3, 2014 at 9:38 PM

Congress could soon allow the benefits of current retirees to be cut as part of an agreement to address the fiscal distress confronting some of the nation’s 1,400 multi-employer pension plans.

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The PE: ONTARIO: Passenger numbers rise again at airport

Ontario International Airport

Ontario International Airport reports more passengers, with Aeromexico and Volaris flights to Guadalajara contributing to the uptick. The airport saw 3.42 million travelers from January to October, compared to 3.28 million last year. (David Bauman – Staff Photographer)

Published: Dec. 1, 2014 Updated: 8:36 p.m.

Passenger use at Ontario International Airport continues to rise, with a 4.11 percent increase since the first of the year, while October had the largest single-month increase of 2014, at 7.68 percent.

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

LATimes: Lower oil prices will help U.S. economy, two top Fed officials say

Oil Well

An oil well near Tioga, N.D., in August 2013. (Karen Bleier / AFP/Getty Images)

By Jim Puzzanghera
December 1, 2104

Two top Federal Reserve policymakers said Monday that falling oil prices will help the U.S. economy even though the drop adds to concerns about low inflation.

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LATimes: Black Friday weekend sales slump amid holiday bargain marathon

down-arrow

Total spending during the Black Friday shopping weekend was forecasted to drop to $50.9 billion, down from $57.4 billion last year.

By Shan Li and Javier Panzar
November 30, 2014

Holiday promotions that debuted as early as October led to a sharp decrease in Black Friday weekend sales, as some consumers took a breather from buying, according to industry data released Sunday.

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LATimes: Lackluster consumer income and spending point to a slowing economy

Retail Sales

Consumers are in a buying mood, economists said, but they’re limiting spending because their incomes are not rising very fast. Above, accessories are displayed for sale at a store in New York. (Victor J. Blue / Bloomberg)

By Jim Puzzanghera
November 26, 2014

The economy just posted its best six-month stretch in 11 years, the labor market is on a record streak of job creation and gas prices are falling. But consumers — a key driver of U.S. economic growth — have not yet fully joined the party.

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LATimes: Economy grows at stronger-than-expected 3.9% pace in third quarter

Ford Dearborn Assembly Plant

Ford F-150s move along the production line at the Dearborn Truck Plant in Dearborn, Mich., on Nov. 11. (Paul Sancya / Associated Press)

By Jim Puzzanghera
November 25, 2014

The economy grew faster in the third quarter than initially thought, expanding at a solid 3.9% annual rate, the Commerce Department said Tuesday.

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SacBee: Opinion: California’s ‘comeback’ is still spotty

Dan Walters

By Dan Walters
dwalters@sacbee.com
11/22/2014 9:02 PM

As he sought re-election to his fourth and last term as governor this year, Jerry Brown crowed about a “California comeback” after weathering the worst recession since the Great Depression.

Read the rest of this entry »

LATimes: California adds 41,500 jobs; unemployment rate holds at 7.3%

unemployment

By Tiffany Hsu
November 21, 2104

The California unemployment rate held steady at 7.3% in October, even as the state generated the largest increase in jobs in the nation.

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LATimes: Southland employers expect 4.8% hike in health-benefit costs

Kaiser Permanente

Kaiser Permanente covers 7.3 million Californians. A company official said the HMO’s rate hikes for employers are running slightly below the 5% trend nationally and in California. (Bryan Chan / Los Angeles Times)

By Chad Terhune
November 19, 2014

Southern California employers expect their health-benefit costs to rise 4.8% next year as the economy recovers and mandates under the federal health law kick in, a new survey shows.

Read the rest of this entry »

UTSanDiego: Why millennials don’t buy homes

Millennials

By Jonathan Horn
Nov. 14, 2014 – 01:47 p.m.

Whether it’s a scar from the Great Recession, being overwhelmed with student loan debt, or having the ability to move for a career, America’s generation of young professionals just aren’t buying homes the way their parents did, a UBS executive said in La Jolla Thursday.

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LATimes: Southland housing market mellows as sales fall, price growth slows

For Sale

After years of boom and bust, home prices and sales in Southern California are now responding to the very thing they should: job and income growth, not loose lending standards or investors, economists and real estate analysts say.

By Andrew Khouri
November 12, 2014

The Southern California housing market took a step back last month, as home sales fell and price gains slowed. But homeowners shouldn’t despair and would-be buyers might even rejoice, analysts say.

Read the rest of this entry »

LATimes: Job gains were solid in October but wage growth still lags

Economy

By Jim Puzzanghera
November 7, 2014

October’s solid labor market growth of 214,000 net new jobs helped push the unemployment rate to a six-year low, but wasn’t strong enough to boost workers’ wages significantly, economists said.

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LATimes: First-time home buying hits lowest level in nearly three decades

Home for sale

A home for sale in Huntington Beach in May. Just one-third of homes bought this year went to first-time buyers, the lowest rate since 1987. (Bryan Chan / Los Angeles Times)

Tim Logan
November 3, 2014

First-time home buyers aren’t buying homes like they used to.

Read the rest of this entry »

LATimes: U.S. economy shows solid growth, but it’s about to be tested

Economy

Consumer spending, which accounts for about two-thirds of U.S. economic activity, increased at a modest annual rate of 1.8% in the third quarter.

By Don Lee
October 30, 2014

The U.S. economy is showing steady, solid growth despite the shaky global environment, but its resilience will be tested in the coming months.

Read the rest of this entry »

charles-krauthammer

By Charles Krauthammer, Opinion writer
October 30 at 7:29 PM

Is this election really about nothing? Democrats might like to think so, but it’s not.

First, like all U.S. elections, it’s about the economy. The effect of the weakest recovery in two generations is reflected in President Obama’s 13-point underwater ratings for his handling of the economy.

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DailyBulletin: Economic Conference: Education key to Inland Empire growth

Inland Empire

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/29/14, 5:01 PM PDT | Updated: 4 mins ago

ONTARIO >> While the Inland Empire economy continues on the upswing, the growth of high-paying jobs and quality firms continues to be hindered by educational attainment levels.

Read the rest of this entry »

federal reserve

By Jim Puzzanghera
October 29, 2014

Federal Reserve policymakers voted Wednesday to end the central bank’s controversial bond-buying stimulus program, determining the economy is strong enough to remove the unprecedented support.

Read the rest of this entry »

The Sun: Business leaders optimistic at Inland Empire economic conference

UCR

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/23/14, 9:17 PM PDT |

RIVERSIDE >> Optimism about the regional and national economy was abundant at the 2014 Riverside/San Bernardino Economic Forecast Conference hosted Thursday by Los Angeles-based Beacon Economics and the UC Riverside School of Business Administration.

Read the rest of this entry »

interest_rates

By E. Scott Reckard
October 23, 2014

The lowest mortgage rates of the year sank a bit lower this week, with Freddie Mac reporting that lenders were offering 30-year fixed loans at an average of 3.92%, down from 3.97% a week ago.

Read the rest of this entry »

LATimes: Strong growth is forecast for Inland Empire

Inland Empire

By Chris Kirkham
October 23, 2014

It was among the nation’s hardest-hit local economies during the Great Recession, beset by staggering numbers of foreclosures and one of the highest jobless rates in California.

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LATimes: Business economists report solid but slowing growth in third quarter

NABE

By Jim Puzzanghera
October 20, 2014

Business economists reported solid but slowing growth at their companies over the summer as gauges of sales, hiring and profit margins fell slightly from the second quarter, according to survey results released Monday.

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LATimes: California unemployment rate drops to 7.3% in September

unemployment down

By Chris Kirkham
October 17, 2014

California’s unemployment rate dropped to 7.3% in September — the lowest in more than six years — though the total number of jobs declined by 9,800 last month, according to state data.

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LATimes: Home sales post gains

For Sale

Higher prices have pushed many investors and cash buyers out of the market, while still-low interest rates and an improving economy are luring more so-called regular buyers. Above, a home for sale in Long Beach. (Cheryl A. Guerrero / Los Angeles Times)

By Tim Logan
October 13, 2014

Southern California’s housing market is starting to pick up the pace.

Home sales in the six-county Southland grew for the first time in a year in September as prices moderated from last year’s torrid gains, according to figures out Monday.

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VVDailyPress: Feds send Barstow casino notices to agencies

Los Coyotes Casino

Conceptual rendering of the proposed Barstow Casino. (Photo courtesy of www.barstowcasinoproject.com)

MIKE LAMB
STAFF WRITER
Posted Oct. 12, 2014 @ 2:31 pm
Updated Oct 12, 2014 at 2:44 PM

BARSTOW — Local government agencies would lose some property tax revenue if land being targeted for an Indian casino is put into a trust for development, but one Barstow City Councilman says that shouldn’t be a concern.

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LATimes: Four-week average of unemployment claims lowest since 2006

Unemployment Benefits Application

By Jim Puzzanghera
October 9, 2014

Average weekly unemployment claims over the last month hit an eight-year low, the government reported, in another positive sign for the labor market recovery.

Read the rest of this entry »

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/08/14, 5:05 PM PDT | Updated: 3 hrs ago

ONTARIO >> The second highest ranking Democrat in the U.S. House of Representatives shared his vision for national economic growth at a forum in Ontario on Wednesday hosted by State Sen. Norma Torres, and the Inland Empire Economic Partnership business advocacy group.

Read the rest of this entry »

DailyBulletin: Unemployment rate continues to drop across Inland Empire, nation

Inland Empire

By Kevin Smith, San Gabriel Valley Tribune
and Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/03/14, 9:10 PM PDT |

The nation’s unemployment rate dropped to 5.9  percent, its lowest level in more than six years, after U.S. employers added 248,000 jobs in September, according to the latest data from the U.S. Department of Labor.

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Home Construction

Construction workers pour a concrete slab for a home under construction in Rancho Cucamonga on Wednesday. The median price for a single-family home in the Inland Empire rose 16.5 percent, to $267,000, in the space of a year. (Will Lester – staff photographer)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/01/14, 8:05 PM PDT | Updated: 1 min ago

A new report on the Inland Empire economy released Wednesday by the Los Angeles-based economic research firm Beacon Economics finds home prices rising in a region experts say is a major growth area for the state.

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Housing Bubble

Los Angeles and Orange Counties are two of the three most overvalued housing markets in the country, according to a new report from Trulia.

By Tim Logan
October 2, 2014

Southern California’s housing markets are among the most overvalued in the nation, according to a new report. But the closest thing in this country to a housing bubble is actually in Texas.

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LATimes: Pending home sales dip in August as investors pull back

Home for sale

Pending home sales slowed a bit in August, a real estate trade group reported Monday. (Bryan Chan / Los Angeles Times)

By Tim Logan
September 29, 2014

The number of people who signed contracts to buy homes in August dipped slightly, though it remains near its highest level in a year.

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SacBee: California harvest much smaller than normal across crops

By Dale Kasler
dkasler@sacbee.com
Published: Sunday, Sep. 28, 2014 – 12:00 am

It’s harvest time in much of California, and the signs of drought are almost as abundant as the fruits and nuts and vegetables.

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LATimes: Economy grew 4.6% in 2nd quarter, stronger than earlier estimated

GDP

The second-quarter economic rebound was stronger than initially thought at 4.6% annual rate.

By Jim Puzzanghera contact the reporter

The U.S. economy grew at a 4.6% annual rate this spring, rebounding more strongly than initially estimated from a weather-related winter contraction, the Commerce Department said Friday.

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The Sun: Logistics centers could bring thousands of jobs to the Inland Empire

Goodman Birtcher Logistics Center

An artist’s rendering of the Goodman Birtcher logistics center planned in Fontana. (Courtesy of Goodman Birtcher)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 09/20/14, 6:32 PM PDT |

Two new large warehouse distribution centers are planned for Fontana and Eastvale that would bring thousands of new jobs to the Inland Empire.

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