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Tag Archives: Economy

May yields an unexpected jobs report

U.S. add jobs, unemployment rate stays flat

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 to be seen. What to make of the U.S. jobs report for May? …

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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 Analysis at Cal State San Bernardino reported Monday. That’s good news, but it …

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State loses record number of jobs

Large Job Gains Doesn’t Stop Unemployment Jump

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 in the state recorded job losses, the state Employment Development Department reported. Because …

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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 pandemic continued to take a sledge hammer to the economy, according to data …

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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 in March and well below the 50 benchmark that determines if manufacturing is …

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State loses 99,000-plus jobs

Large Job Gains Doesn’t Stop Unemployment Jump

California’s unemployment rate rose to 5.3 percent in March, a 1.4 percent month-over-month increase that marked the end of 120 consecutive months of job gains dating to the end of the Great Recession. As bad as those numbers are, they may tell only half the story of how much damage …

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