Unemployment Rate Falls To New Record Low; Annual Labor Force Growth Cause For Concern
From a year-over-year perspective, California has added 320,000 jobs as of September 2019, the largest year-over-year increase for the state in 13 months. This is equivalent to a 1.9% year-over-year increase, which is a better showing than the nation’s 1.4% rate.
California’s unemployment rate dipped to 4.0% in September, representing a new record low. Still, declining labor force growth is cause for concern. After sixth consecutive months of decline, the state’s labor force expanded by 20,700 in September. From September 2018 to September 2019, California’s labor force decreased by 0.3% (-62,400). However, the state’s faster growing regions are continuing to attract workers at a healthy rate.
“While it is noteworthy that the state’s unemployment rate hit a new low this month, the new record is partly the result of the state’s job gains, but also due to a labor force has shown little or no growth since the start of the year,” said Robert Kleinhenz Executive Director of Research at Beacon Economics. “However, with yearly job gains in nearly every one of the state’s major industries, including those most affected by trade conflicts, this is a reassuring report, especially at a time when there are concerns that the economy is cooling.”
- Administrative Support led the way in monthly job gains in September, growing payrolls by 11,000 positions and accounting for more than half of the state’s monthly increase. This industry has posted solid increases over the last year, which has helped push year-over-year growth in the sector to robust 3.4%. Manufacturing also had a strong month, boosting payrolls by 4,100 positions. Year-over-year gains for Manufacturing now stand at a steady 1.0%.
- Other sectors posting strong gains in September were Health Care (+3,200), Transportation, Warehousing, and Utilities (+1,800), and Retail Trade (+1,700). From September 2018 to September 2019, in percentage terms, Educational Services (+3.5%) and Construction (+3.5%) led the pack, followed by Administrative Support (+3.4%), Professional, Scientific and Technical Services (+3.2%), Health Care (+3.0%), Information (+2.5%), and Leisure and Hospitality (+2.3%).
- Despite overall growth in the state, a handful of sectors decreased payrolls in September. Other Services posted the largest declines, shrinking payrolls by 2,000 and pushing year-over-year growth into negative territory. Other sectors posting sizeable declines last month were Information (-1,500), Wholesale Trade (-800), and Government (-700). In percentage terms, Retail Trade declined 0.5% from September 2018 to September 2019, the largest decrease, followed by Wholesale Trade (-0.3%) and Other Services (-0.1%).
- Regionally, job growth was led by Southern California in the latest numbers. The Inland Empire captured the top spot, boosting payrolls by 6,300 positions in September. That was followed by San Diego (+4,900). From a year-over-year perspective, the Inland Empire (+2.3%) has experienced the fastest rate of jobs growth, followed by San Diego (+1.8%), Los Angeles (MD) (+1.1%), and Orange County (1.1%).
- In the San Francisco Bay Area, San Francisco (MD) led the pack increasing payrolls by 1,300 jobs over the month. That was followed by San Rafael (MD) (+600), San Jose (+400), and the East Bay (+200). From a year-over-year perspective, San Francisco (MD) (+3.4%) grew the fastest, followed by San Jose (+3.1%), the East Bay (+1.9%), San Rafael (MD) (+1.5%), Napa (+1.5%), and Santa Rosa (+1.1%).
- In the Central Valley, Sacramento topped the list, increasing payrolls by 2,100 positions in September. That was followed by Chico (+1,100), Fresno (+700), Madera (+500), and Stockton (+400). From a year-over-year perspective, Fresno (3.4%) was the fastest growing, followed by Merced (+2.9%), Madera (+2.8%), and Sacramento (+1.8%).
- On the Central Coast, Santa Cruz led the way, boosting payrolls by 400 jobs over the month. That was followed by San Luis Obispo, where payrolls expanded by 300 positions. From a year-over-year perspective, Salinas (+3.6%) added jobs at the fastest rate, followed by Santa Barbara (+2.6%), Santa Cruz (+1.9%), and San Luis Obispo (+1.6%).
Asurion Tech Repair & Solutions™ Opens in Redlands
Asurion® Repair Experts Provide Fast Fixes on Phones, Tablets, Laptops, and More
A new electronics repair shop, Asurion Tech Repair & Solutions™, has opened in Redlands at 9980 Alabama St. The store offers professional fixes for most consumer electronics, from smartphones, tablets, and computers to game consoles, smart speakers, drones, and more.
While common repairs include cracked screens, battery issues, and water damage, the company’s repair experts have fixed millions of devices and can help with most any tech mishap, and many basic repairs can be completed in 45 minutes or less.
“I’m looking forward to the opportunity to introduce Asurion Tech Repair & Solutions to Redlands as we continue to serve this region,” said Damon Madison, Asurion Tech Repair & Solutions District Manager. “Our team prioritizes customer satisfaction above all else. By offering free diagnostics on all device issues, matching competitors’ prices, and guaranteeing fast-turnarounds on device repairs, we’re dedicated to making our customers’ experience affordable and convenient.”
The store’s expert repair technicians fix all kinds of technology, regardless of make or model, and the store is an authorized repair provider for Samsung Galaxy and Google Pixel smartphones. Customers can book a repair appointment online or stop by the store for walk-in service. The store offers free, no-obligation diagnostics on all gadgets, as well as a 1-year limited warranty on all repairs. It even offers a price match guarantee on any local competitor’s regularly published price for the same repair.
The new Asurion Tech Repair & Solutions store brings the company’s retail footprint to more than 750 locations across the U.S. Formerly known as uBreakiFix®, all U.S. locations will rebrand as Asurion Tech Repair & Solutions throughout 2022.
“We are excited to serve people in Redlands with fast and affordable tech repair,” said Dave Barbuto, CEO of Asurion Tech Repair & Solutions. “We all rely on our phones and laptops more than ever before, and our mission is bigger than repairing shattered screens and broken charge ports. We fix tech because people depend on it to stay connected to things that are important to them. I look forward to serving this community through our new location.”
The new store is located at:
9980 Alabama St Suite C, Redlands, CA 92374
New Partnership Announced; Stater Bros. Markets joins Entertainment Giant
Toyota Arena has announced a new partnership with Stater Bros. Markets effective July 1, 2022.
Guests of the arena will soon be able to experience the new branding of the North Patio, which will include live concerts featuring local bands and up-and-coming professional talent. “We are thrilled to welcome Stater Bros. Markets as a partner to Toyota Arena,” said Michael K. Krouse, President & CEO. “It’s a natural fit – this is our community’s grocery store of choice and the amazing Stater Bros. Charities provides non-profit organizations in our local region with support. We are on board to help as well.”
The marketing amenities this partnership will provide Stater Bros. will include a presence on several assets including the arena’s Interstate 10 marquee, overhead LED scoreboard, television monitors throughout the facility, website, and more. The relationship created through this agreement will also provide benefits for Toyota Arena guests, including new Stater Bros.-inspired food and beverage options.
The benefits to the community will go beyond lifestyle and entertainment, however. Stater Bros. and Toyota Arena recognize the important role they play in the overall development of the City of Ontario. The city’s vigorous commercial and residential growth, and its status as a destination location will result in economic growth, jobs, and a thriving community. The partnership will also open up new opportunities to support the giving efforts of the market’s non-profit charitable arm, Stater Bros. Charities.
“This really is an exciting day for the entire Stater Bros. team. As a company, we work hard to establish great business relationships, and with Toyota Arena, we’ve found an excellent partner,” said Stater Bros. CEO Pete Van Helden. “I look forward to the new opportunities our partnership will bring and its benefits for the City of Ontario and the Inland Empire as a whole.”
IECE Presents its Inaugural State of Entrepreneur Report on Dec. 9
The first-ever State of Entrepreneurship Address for the Inland Empire is being held by the Cal State San Bernardino Inland Empire Center for Entrepreneurship on Thursday, Dec. 9, from 5-8 p.m. at 4th Sector Innovations in Ontario.
IECE’s goal in producing the State of Entrepreneurship research study is to bring the voice of local entrepreneurs to those who need to hear it most – local and state policymakers, community organizations, lenders, and other resource providers.
The Voice of the Entrepreneur survey, on which the address is based, sends powerful feedback on the challenges that entrepreneurs and business owners of the Inland Southern California region face.
Survey results were drawn out earlier this year by reaching out to IECE’s extensive network, consisting of more than 10,000 entrepreneurs and business owners representing a diverse group of industries. The IECE will continue to distribute the Voice of the Entrepreneur survey in the spring of each calendar year to find out what Inland Empire entrepreneurs and business owners are going through.
The report is a potent tool for policymakers, economic impact drivers, and business owners and entrepreneurs to analyze growth potential within the region. Using measurable data, the goal is to identify the challenges and opportunities facing local business owners and obstacles that may be impeding business growth.
The result is a concise report that gives insight into how we can effectively learn and evolve together with a regional focus.
The evening will start and end with networking and food; in between, the SOER report will be presented, which includes examining the indicators of entrepreneurial activity and how the IE measures up as a region; learning of the Voice of the Entrepreneur direct survey results and the common themes, as well as an IE Ecosystem assessment; and regional perspectives from influencers that include:
- Rod Vandenbos, founder and CEO, buzzbox beverages, Indio;
- Mike Napoli, Tech Coast Angels, Palm Springs;
- Edward Ornelas, Jr. President, Inland Empire Regional Chamber of Commerce
- Ana Karina Suchánek, president, Cask Restaurant Group, Inc., Rancho Cucamonga; and
- Pepi Jackson, president and CEO, Riverside Black Chamber of Commerce
Click the following link – Secure Your Spot for the 2021 State of Entrepreneurship Address – to attend, network and learn more about entrepreneurship in the region. Whether you are a seasoned or soon-to-be entrepreneur, there is a perspective for everyone who wants to know more about how to strengthen the Inland Empire economy.
The presentation will unveil breakthrough metrics and perspectives on the State of Entrepreneurship throughout the Inland Empire, including:
- Why a report like this is essential for the collective growth of our region;
- What the report consists of: indicators for entrepreneurship and what real entrepreneurs in our communities are telling us through our Voice of the Entrepreneur survey results; and
- Regional perspectives from influencers and officials that are active in our ecosystem.
The event will also include food and cocktails while networking within an inspirational setting at 4th Sector Innovations Ontario.
To learn more, visit the IECE State of Entrepreneurship Report website.
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