IE Business Daily Business news for the Inland Empire.
The Inland Empire’s unemployment rate was flat in October.
Riverside and San Bernardino counties registered a 6.1 percent jobless rate last month, down from 6.2 in September, according to the state Employment Development Department’s monthly jobs report, which was released Friday.
That figure was essentially unchanged from October 2015, when the two-county region’s (non-adjusted) unemployment rate was 6.3 percent, the report stated.
Statewide, employers added 31,200 jobs last month on top of the 36,000 jobs that were created in September.
Despite that, the state’s unemployment rate remained stuck at 5.5 percent for the fourth consecutive month.
Still, the leading sectors of the state continue to add jobs at an impressive rate, said Robert Kleinhenz, executive director of research at UC Riverside’s School of Business Center for Economic Forecasting and Development.
“At this point in the economic cycle, the state is effectively at full employment so the pace of job gains is somewhat tempered compared to a year ago,” Kleinhenz said in a statement. “That said, the leading sectors of the state continue to add jobs at an impressive rate.”
