Riverside, San Bernardino hiring pace halved, but region’s 65,100 jobs above pre-pandemic level – San Bernardino Sun

Riverside and San Bernardino counties bosses added 5,200 workers in June, bringing employment to 104% of pre-pandemic levels.

My trusty spreadsheet, filled with state job figures, found local bosses had 1.65 million workers — up 92,500 in 12 months. June employment was 65,100 above February 2020, the last month before COVID-19 arrived on the economic scene.

Job growth, however, is moderating as the Federal Reserve tries to cool an overheated economy and many bosses struggle to fill open positions. June’s hiring pace in Riverside and San Bernardino counties was 50 percent slower than the 10,300 average workers added monthly in the pandemic era’s employment rebound. Note: Bosses added workers at a 4,100 monthly pace in 2015-19 before coronavirus cratered the economy.

Why is Federal Reserve ruining US economy with rate hikes?

The Inland Empire’s unemployment rate was 4% in June compared to 3.4% in the previous month; 8.4% a year earlier; and 3.9% in February 2020.

Clearly, the I.E. logistics industry is leading the way. Employment at businesses in the transportation/warehouse industry was at 137% of pre-coronavirus jobs with 209,000 workers in June. That’s up 56,100 from February 2020 after adding 1,100 last month vs. jobs growing 2,400 monthly in the recovery.

Here’s how employment fared in other key industries in Riverside and San Bernardino counties since coronavirus shocked the economy, ranked by jobs recovery …

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