Subscribe to INT Podcast
|January 21, 2018|
IE unemployment rate slides to lowest in 16 years
INLAND EMPIRE – (INT) – Construction continues to lead the region’s job comeback from the Great Recession. It was the sector that suffered the most job losses.
Unemployment estimates are falling to the lowest rate since 2001 – 4.5 percent for May, according to the State Employment Development Department (EDD). Compared to previous EDD reports, that equals the lowest since May 2001. Those actively looking for work last month fell to just over 105,000.
Joblessness is almost non-existent at some mountain resorts including Wrightwood, Lake Arrowhead and Idyllwild. Among incorporated cities, Loma Linda and Redlands are at just 2.5 percent and La Quinta comes in at 2.9 percent.
Poorer communities continue to have the Inland Empire’s highest jobless rates including Cabazon at 11.5 percent. Muscoy and Adelanto were at 7.5%.
With 41,000 jobs added the past 12 months, the Inland Empire’s growth rate was 2.9%, according to the EDD.
Story Date: June 21, 2017