IE employment numbers are out


The jobs data for the IE was released this week. As expected it's not good.

Inland Southern California lost a staggering 76,500 jobs last year, by far the most ever, as its unemployment rate climbed to almost 12 percent, the state reported Thursday.

There were 6.1 percent fewer payroll jobs in Riverside and San Bernardino counties in January than there were in January 2008, the state Employment Development Department reported. The losses were mainly centered in blue-collar jobs.

The job losses, reported after the state updated its monthly statistics by applying data collected by federal agencies, were more than 10 times worse than the worst year on record.

Riverside is getting close to it's record high of 12.4% set in 1993. Currently Riverside is sitting at 12.2% (as of January, we are probably higher now).