The Valley News
Advertisement for National University
Translate this page

New year's job losses up nearly 1 percent in County


Thursday, March 11th, 2010
Issue 10, Volume 14.


RIVERSIDE - New year's job losses across most sectors of the Inland Empire economy drove the unemployment rate up nearly 1 percentage point in Riverside County, state officials reported today.

The county's non-seasonally adjusted jobless rate in January, based on preliminary estimates, was 15.1 percent, up from 14.3 percent in December, according to the California Employment Development Department.

The data -- published weeks later than usual due to a yearly revision process undertaken by the EDD -- showed January's unemployment rate was roughly three percentage points higher than a year ago.

The unemployment rate in Riverside and San Bernardino counties combined was 15 percent in January, compared to 14.1 percent in December, according to the EDD.

Bi-county data showed a Advertisement
Advertisement for Berry-Bell and Hall Mortuary
[ Berry-Bell and Hall Mortuary ]
decline of 19,500 jobs in that one-month period. Jobs in trade, transportation and utilities dropped by the widest margin, with the retailing industry shedding some 5,600 positions, reflecting post-holiday season cutbacks, labor market analysts said.

The professional and business services sector shrank substantially as well, with some 3,600 jobs slashed in human resources, custodial services and technical support, according to the EDD.

The financial services sector posted the only gain, adding around 100 jobs in the areas of insurance and banking, data showed.

The total size of the civilian labor force in Riverside and San Bernardino counties in January was 1,768,400, with 264,900 unemployed.

The state's jobless rate in January was 13.2 percent, and the national unemployment rate was 9.7 percent.


 

0 comments


arrow Be the first to share your opinion on this article!
 

Add your Comment


Name

Images, Formatting, or HTML is not allowed : plain text only. You may post up to 5 website addresses within your comment.
Disclaimer

The Valley News has tightened its' policy regarding comments.
While we invite you to contribute your opinions and thoughts, we request that you refrain from using vulgar or obscene words and post only comments that directly pertain to the specific topic of the story or article.
Comments that are derogatory in nature have a high likelihood for editing or non-approval if they carry the possibility of being libelous.
The comment system is not intended as a forum for individuals or groups to air personal grievances against other individuals or groups.
Please, no advertising or trolling.
In posting a comment for consideration, users understand that their posts may be edited as necessary to meet system parameters, or the post may not be approved at all. By submitting a comment, you agree to all the rules and guidelines described here.
Most comments are approved or disregarded within one business day.



RSS Feed
Online Digital Edition
Sign up  for iNews
Earthquake Information

Other VNN Sites
The Village News
Temecula Valley News
Anza Valley Outlook
Fallbrook.org
Sourcebook

Advertisement for Quality Chevrolet
Reach Local Customers



Most Commented
The Valley News The Valley News
760-723-7319 - 127 West Elder Street, Fallbrook CA 92028
All contents copyright ©2012
About Us
Earthquake Information
Business Listings
Contact Us
Letter to the Editor
Report a website error
Sitemap
Online Digital Edition
RSS Feeds
Login