Overall unemployment rate moved up to 4.2% with the biggest shift in Transportation & Utilities, which gained 10,800 roles, based on the most recently available information published in January 2022.
Total employment in the Riverside-San Bernardino-Ontario, CA market declined by 3,754 jobs in November and the unemployment rate increased compared to the prior month by 20 bps to 4.2%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Riverside-San Bernardino-Ontario, CA unemployment rate is 84 bps above the national rate which is a negative sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 0.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 493,000; +10,800
- Education & Healthcare: 271,200; +1,800
- Government: 258,100; +500
- Restaurants & Hotels: 184,300; +900
- Business Services: 182,600; +2,100
- Construction, Mining: 113,500; -2,300
- Manufacturing: 97,900; -1,600
- Financial Services: 47,600; +600
- Other Jobs: 45,900; no change
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.