September 2023 Employment Report

By Manfred Keil

Abstract:  The article is a summary of the data and its interpretation of the California’s Employment Development Department’s (EDD) employment report for September 2023. Differently from the data released by EDD, the unemployment rate for the Inland Empire actually increased, not decreased, from the previous month once you filter out movements simply related to seasonal factors. The increase is due to the labor force growing faster than employment, and hence the increase in the unemployment rate is not as negative news as it initially appears.

Keywords:  Inland Empire employment rate, Inland Empire economy, California economy, Employment Development Department (EDD), California, recession, economic conditions

 

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