California’s unemployment rate fell to 5.7 percent in November, as the state added 5,500 non-agricultural jobs during the month. The state has now added more than 2.1 million jobs since the recovery officially began in February 2010, according to the state Employment Development Department’s latest monthly jobs report, which was …
Read More »IE Joblessness Still High Compared with Other Markets
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 …
Read More »Economy Adds Jobs
The U.S. economy added 211,000 new jobs in November, the result of increased consumer spending and an expansion of the construction industry, among other factors. Overall, unemployment remained at 5 percent last month, a 7.5 year low, even as more U.S. residents began to look for work, according to data …
Read More »Purchasing Index Bounces Back
Inland Empire manufacturing is growing again, at least for now. The region’s purchasing managers index last month was 52.3, well above the 45.9 index that was recorded in October, according to data released Tuesday by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Anything below …
Read More »High Desert Economy Gets a Good Grade, for the Most Part
Economist John Husing tells a gathering of business and community leaders that he likes the region’s job creation but is concerned about some other things, in particular how many people there rent rather than own their homes. The High Desert economy is on the mend and should continue to improve …
Read More »Inland Empire Jobless Rate Down
Unemployment was down in the Inland Empire during October, as the region continued its recovery by adding jobs in multiple sectors. Riverside County recorded a 6.5 percent unemployment rate last month, down nearly two percent compared with October 2014, according to data released Friday by the California Employment Development Department. …
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