Overall unemployment rate moved down to 4.3% with the biggest shift in Construction, Mining, which gained 2,500 roles, based on the most recently available information published in April 2022.
Total employment in the Riverside-San Bernardino-Ontario, CA market rose by 20,936 jobs in March and the unemployment rate decreased compared to the prior month by 70 bps to 4.3%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Riverside-San Bernardino-Ontario, CA unemployment rate is 55 bps above the national rate which is a negative sign.
- Unemployment in the market is 420 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 3.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 464,900; -2,000
- Education & Healthcare: 259,700; +100
- Government: 254,200; +1,600
- Restaurants & Hotels: 175,200; +1,700
- Business Services: 171,000; +2,100
- Construction, Mining: 109,900; +2,500
- Manufacturing: 97,400; +600
- Financial Services: 46,600; +800
- Other Jobs: 45,600; +1,200
- IT & Development: 9,800; +100
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.