October 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. The headline numbers show the region’s unemployment rate increasing by 0.2 percentage points, jumping from 4.9% to 5.1% in October. When labor force increases outpace employment increases, e.g. more people (re)joining the labor force, we see an increase in the unemployment rate, as is the case currently for the Inland Empire.

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

 

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