Inland Empire Jobless Rate Falls to 4.6% as Labor Force Shrinks 1.9%
Updated
Updated · communityforwardredlands.com · Jun 25
Inland Empire Jobless Rate Falls to 4.6% as Labor Force Shrinks 1.9%
1 articles · Updated · communityforwardredlands.com · Jun 25
Summary
The Inland Empire’s unemployment rate dropped to 4.6% in May from 4.9% in April, with unemployed residents falling to 101,500 from 107,800.
A 1.9% year-over-year decline in the labor force helped drive that improvement, as people not actively seeking work are excluded from the unemployment rate.
Total nonfarm employment still fell by 3,600 jobs in May to about 1.72 million, led by losses in professional and business services and private education and health services.
Health care remained the region’s main growth engine over the past year, adding 17,400 jobs in health care and social assistance even as construction lost 6,100 jobs and manufacturing shed 3,900.
The 4.6% rate left the Riverside-San Bernardino-Ontario area slightly below California’s 4.7% unemployment rate but above the 4.1% national figure.