June 22, 2016
The Inland Empire is adding more manufacturing jobs, while L.A. County is shedding them. The Inland Empire’s manufacturing sector added 4,000 jobs in May, roughly a thousand more than the previous month, while LA county lost 7,600 jobs.
Beacon Economics Christopher Thornberg says the Inland Empire’s a considerably “cheaper place to work,” noting that manufacturing companies are considering relocation to the Inland Empire, especially industries that fabricate metals and aerospace components.
Despite recent reports that show a bit of a slowdown in job growth over the past three months, economists say not to place too much emphasis on one month’s results. Instead, what they say is to pay attention to job movement. The Inland Empire’s 3.3%. annual growth rate equated to 43,600 jobs added over the year.