Overall unemployment rate moved down to 8.6% with the biggest shift in Transportation & Utilities, which lost 16,600 roles, based on the most recently available information published in March 2021.
Total employment in the Riverside-San Bernardino-Ontario, CA market declined by 236 jobs in January and the unemployment rate decreased compared to the prior month by 50 bps to 8.6%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Riverside-San Bernardino-Ontario, CA unemployment rate is 179 bps above the national rate which is a negative sign.
- Unemployment in the market is 450 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 7.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.5%. Key sectors include:
- Transportation & Utilities: 423,600; -16,600
- Education & Healthcare: 250,300; -1,900
- Government: 244,100; -1,100
- Business Services: 154,600; -3,700
- Restaurants & Hotels: 119,500; -7,400
- Construction, Mining: 108,200; -2,500
- Manufacturing: 88,400; -2,500
- Financial Services: 42,400; -1,000
- Other Jobs: 35,900; -700
- IT & Development: 8,700; -100
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.