May 10, 2017 Comments Off on Continued Strong Employment Growth Forecast Views: 506 California News, Inland Empire

Continued Strong Employment Growth Forecast

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Employment growth is projected to continue in the Inland Empire throughout the remainder of 2017, according to a report from John Husing. The economist says economic expansion that commenced six years ago doesn’t look to be abating any time soon.

The region could add 46,600 jobs by the end of the year, an increase of 3.3%. That would mean nearly 300,000 jobs will have been added since 2011. The logistics sector contributed 8,433 jobs last year, and is forecast to gain 8,500 in 2017. Construction added 6,808 jobs last year, and is predicted to add 7,500 jobs in 2017.

The unemployment rate is forecast to drop to 5.3% in Riverside and San Bernardino counties, a decrease from 5.9% last year.

The Inland Empire’s job growth has out-performed all of the state’s major metros except  Los Angeles. The region did better than San Francisco, Orange County and the Silicon Valley.

Read more at Inland Empire Quarterly Economic Report

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