IE Business Daily Business news for the Inland Empire.
The Inland Empire’s unemployment rate may be improving, but it still has work to do in order to get where it needs to be.
During October, of the 51 U.S.metropolitan areas with a population of one million or more, the Riverside-San Bernardino-Ontario market had the highest unemployment rate – 6.4 percent – according to data released Monday by the U.S. Bureau of Labor Statistics.
By contrast, Minneapolis-St. Paul-Bloomington had the lowest unemployment rate during October at 2.9 percent, the bureaut reported in its monthly assessment of metropolitan area employment and unemployment.
Counting markets of all sizes, unemployment was down year- over-year in October in 337 metropolitan areas, higher in 38 and unchanged in 12, the labor department stated.
