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Inland Empire Economic Forecast: Record Job Growth, Interest Rates, and Industry Trends

Explore the Inland Empire's booming economy, with record job growth, potential interest rate increases, and insights into key industries like healthcare, logistics, manufacturing, and construction.

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Inland Empire Economic Forecast: Record Job Growth, Interest Rates, and Industry Trends

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  1. Inland Empire Forecast . . . John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP

  2. U.S. Jobs At A Record Level

  3. 18.0% Add Potential Workers: Given Up Or Part Time 10.6% 8.0% 4.1%

  4. Inflation Worry 3.9% 2.9%

  5. 3-4 Short Term Rate Increases Interest Rates: Fed Selling Off Q3 Balance Sheet … Raise Long Term Rates 5.0%?? 4.60% 2.91%

  6. Yield Curve: Potential Recession Predictor 2 Year to 10 Year 0.41%

  7. California Job Gains/Losses

  8. Inland Empire Population Greater Than 25 of 50 States

  9. Inland Empire’s Powerful Job Growth! Percent 2017 above 2007 I.E. CA US 12.2% v. 8.8% v. 6.4% Confession Forecast: 46,600 jobs 3.3% 5.5% Unemployment Actual: 49,433 Jobs 3.5% 5.1% Unemployment

  10. Job Quality

  11. Job Growth by Region 2nd Largest 2017 Absolute Job Gain in CA!

  12. Inland Empire Growth Fastest 2017 Job Growth Rate in CA!

  13. Unemployment Rates

  14. Poverty 25.0% 17.5% 19.3% 14.5%

  15. Educational Challenge 47.1% 45.7% 27.8% 29.8%

  16. $ Payroll Spent $ Payroll Spent Moon Mining Corp. $ Payroll Paid

  17. ACA Impact Health Care Demand & Quality of Life -60% Drop in Uninsured

  18. Residents Per Health Care Worker +26.0% More People 33.5 26.6 Sources: Department of Finance, Demographic Research Unit; CA Employment Development Department

  19. Health Care Job Growth Strongest High Paying Sector 2011-2017 10.3% of Job Growth

  20. Median Health Care Pay: 2017 $60,768

  21. 2018 Forecast: ACA Unknowns

  22. E-Commerce 1.1% 9.1% 15.5%

  23. Port Container VolumesRecord Levels

  24. Net Industrial Absorption 21.9 million

  25. Industrial Vacancy Rate 3.9%

  26. Industrial Rates & Vacancies Lease Rates Per Square Foot Per Month Inland Empire $0.53 3.9% Ventura $0.70 2.5% Los Angeles $0.89 1.1% Orange $0.91 1.5% San Diego $0.90 4.1% Source: CB Richard Ellis

  27. Construction Locations

  28. Industrial Lease Rates Up 22.1% Up 76.7%

  29. ONT Airport Cargo Record Volume 18.6%

  30. Logistics Job Growth Without Logistics growth, IE would still be in Recession 2011-2017 23.3% of Job Growth

  31. Disappearing Available Space For Facilities

  32. Median Logistics Pay: 2017 $46,708

  33. Skill Ladders Based on Education for PositionMedian Pay Warehousing, Inland Empire 2017

  34. 2018 Forecast: Space v. Regulators

  35. U.S./CA Manufacturing Job Growth

  36. CA Electrical Cost +71.3% +123.4% +147.6%

  37. Marijuana?

  38. Manufacturing Job Growth 2011-2017 4.5% of Job Growth

  39. Median Manufacturing Pay $51,385

  40. 2018 Forecast: Tariffs & CA Policy

  41. Home Volume

  42. Home Prices FHA Conforming Loan Limit: $405,950 LA/OC is $679,650 +3.7% -10.2%

  43. Price Competition Highest Price Gaps In History

  44. New Home Inventory

  45. Notices of Default

  46. Apartment Rates/Vacancy, 2018 Inland Empire $1,239 7.0% Los Angeles $1,416 4.1% San Diego $1,577 4.8% Orange$1,736 3.8% Source: USC Lusk Center For Real Estate

  47. Construction Job Growth 2011-2017 12.4% Of Job Growth

  48. Median Construction Pay: 2017 Best Paying Blue Collar Sector $52,604

  49. 2018 Forecast: Supply v. Demand

  50. BA or Higher 21.4%

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