The state’s Economic Development Department today released unemployment figures showing that the region’s jobless rate has jumped back to 14.5 percent. The new figures show that job losses once again increased in San Bernardino and Riverside Counties, after seeing a small dip in September.
In Riverside County the unemployment rate for September now stands at 15.1 percent, up from 14.7 percent in September. Currently, 138,300 of the county’s 917,800 person labor force are out of work.
The jobless rate in San Bernardino County is better when compared to Riverside County with 14 percent of the workforce unemployed – but that’s up from 13.6 percent in September. According to the EDD figures, 121,900 of the county’s 870,400 workforce are unemployed.
California’s overall unemployment rate also jumped to a record high of 12.5 percent in October, up from 12.2 percent in September.
This week we have learned that unemployment continues at record highs, the state is facing another $21 billion budget deficit and our region suffered a major blow with the announcement that CalPortland Cement would be cutting nearly 100 good paying jobs.
I’m hoping that this will be the motivation the Legislature needs to make private sector job creation our top priority. California continues to be the most expensive place in the country to do business, so it is not surprising that we have one of the highest unemployment rates in the country.
If we are serious about solving these issues, we must look at the ridiculous regulations that are killing businesses. There is a direct correlation to these regulations and our state’s record high unemployment rate.
My priority has and will continue to be to making California business friendly so we can welcome jobs back to our state rather than continue to kill them and drive them to other states.