All posts tagged "Economy"
IE to lose more than 70,000 jobs this year
The Inland Empire will likely lose 70,600 jobs this year because of COVID-19, according to a recent forecast. That would be a 4.5 percent drop – from 1,556,900 jobs to 1,486,300 jobs – between 2019 and 2020,...
- Posted June 17, 2020
May yields an unexpected jobs report
The federal government’s employment report for April wasn’t the disaster a lot of people expected it to be. Whether it was a blip or a sign that the economy has absorbed the worst blows from COVID-19, remains...
- Posted June 15, 2020
IE manufacturing improves – on paper
Inland Empire manufacturing roared back in May, one month after one of its worst month’s ever. The region’s purchasing managers index was 56.9, up from an abysmal 41.8 in April, the Institute of Applied Research and Policy...
- Posted June 4, 2020
State loses record number of jobs
California jobless rate hit 15.5 percent in April, as employers eliminated a record 2.3 million jobs, according to data. About one-fifth of the state’s workforce was put out of work last month, as every major industrial sector...
- Posted May 25, 2020
U.S. jobless rate skyrockets
The U.S. unemployment rate rose to 14.7 percent in April, the highest rate since the Great Depression. In all, 20.5 million jobs went away last month – the worst job-loss month on record – as the COVID-19...
- Posted May 11, 2020
IE manufacturing continues to sink
The Inland Empire’s manufacturing sector took another major hit in April, as the full impact of COVID-19 continued to be felt. The purchasing managers index for the fourth month of the year was 41.8, down from 43.3...
- Posted May 6, 2020