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Tag Archives: Economy

June report on Inland manufacturing good, but may not be sign of recovery

The monthly purchasing managers index showed an expanding manufacturing sector, but that might have been because the market had nowhere to go but up. On the surface, the June purchasing managers index for Riverside and San Bernardino counties appears to be a cause for celebration. At the very least, it’s …

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State adds 558,200 jobs

California added 558,200 jobs from May to June, and the state unemployment rate fell to 14.9 percent during that time, according to data released Friday. Leisure and hospitality added the most jobs, at 292,500, the result of bars and dine-in restaurants reopening statewide, the California Employment Development Department reported. Construction …

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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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