Wednesday , April 17 2024

Tag Archives: Economy

State unemployment stays up

Large Job Gains Doesn’t Stop Unemployment Jump

California’s unemployment rate remained high in May despite the addition of 141,600 jobs, the result of the state economy’s gradual reopening. The jobless rate last month was 16.3 percent, essentially unchanged from the revised 16.4 percent for April, the state Employment Development Department reported. California’s unemployment rate in May, 2019 …

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IE to lose more than 70,000 jobs this year

Unemployment, Jobs Both Rise

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, longtime Inland economist John Husing predicted in his most recent quarterly report on …

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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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