The total wage and salary employment in the Inland Empire metro area increased by 8,100 in October. October's employment figure was 5.2% below the 10/'08 level, the lowest year-over-year decline in a year. The good news was tainted by the drastic revision of September's numbers. The change in wage and salary employment in September was initially reported as +3,900, but is now revised to -3,200, a 7,100 reversal, or nearly the same amount as October's increase.
The construction sector lost another 1,900 jobs in October. Compared to a year ago, this sector has lost 19% of its job base. The manufacturing sector lost another 600 jobs in October. Manufacturing employment is down 10.5% from 10/'08. The logistics sector posted its third month-to-month job gain in October -- adding 400 jobs again. Much of the increase is likely seasonal as retailers stock up their shelves for the holiday shopping season.
The construction sector lost another 1,900 jobs in October. Compared to a year ago, this sector has lost 19% of its job base. The manufacturing sector lost another 600 jobs in October. Manufacturing employment is down 10.5% from 10/'08. The logistics sector posted its third month-to-month job gain in October -- adding 400 jobs again. Much of the increase is likely seasonal as retailers stock up their shelves for the holiday shopping season.
