Overall unemployment rate moved down to 3.4% with the biggest shift in Restaurants & Hotels, which gained 2,700 roles, based on the most recently available information published in June 2022.
Total employment in the Riverside-San Bernardino-Ontario, CA market rose by 2,965 jobs in May and the unemployment rate decreased compared to the prior month by 40 bps to 3.4%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Riverside-San Bernardino-Ontario, CA unemployment rate is 2 bps above the national rate which is a negative sign.
- Unemployment in the market is 410 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 0.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 461,700; -1,200
- Education & Healthcare: 261,800; +300
- Government: 257,600; +1,800
- Restaurants & Hotels: 182,100; +2,700
- Business Services: 171,500; -800
- Construction, Mining: 111,500; -500
- Manufacturing: 98,800; +900
- Financial Services: 46,500; -1,000
- Other Jobs: 45,700; +400
- IT & Development: 10,100; +200
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.