Tag Archives: Economy

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 …

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 …

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 …

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 …

The first numbers are in, and they aren’t pleasant to look at. March was the worst month for local manufacturers in more than four years. We now know how much damage the Coronavirus can do to a major sector of the Inland Empire economy. Unlike the most recent housing and …

But maybe not as bad as some have predicted – perhaps not even a recession – says the UC Riverside study. The Coronavirus pandemic will deliver a “serious hit” to the national and U.S economies, an its longterm impact is impossible to predict now, according to the UC Riverside School …