Overall unemployment rate moved up to 4.5% with the biggest shift in Transportation & Utilities, which lost 4,600 roles, based on the most recently available information published in April 2023.
Total employment in the Riverside-San Bernardino-Ontario, CA market rose by 10,313 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 4.5%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Riverside-San Bernardino-Ontario, CA unemployment rate is 61 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 4.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 457,400; -4,600
- Education & Healthcare: 274,600; +2,600
- Government: 255,400; no change
- Business Services: 181,500; +600
- Restaurants & Hotels: 180,700; +3,200
- Construction, Mining: 115,300; +2,800
- Manufacturing: 98,700; +600
- Other Jobs: 49,200; +1,600
- Financial Services: 46,000; -100
- IT & Development: 10,100; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.