The Unemployment Rate of Riverside County is Down By 4%

By: Sharjeel Sohaib

• 

Nov 2, 2022

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RIverside California

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According to the California Employment Development Department, increases elsewhere in the area economy offset losses in the construction, hospitality, and other sectors, pushing Riverside County’s unemployment rate back to 4% last month.

Key Takeaways:

  • According to the California Employment Development Department, Riverside County’s unemployment rate declined to 3.9% in September (EDD). 
  • Coachella had the highest rate in the county, with a 10.8% unemployment rate in the previous month. Unclassified industries saw an overall rise of 1,600, according to the EDD. 
  • The data show that the state’s non-seasonally adjusted unemployment rate for September was 3.7%.

A Sudden Downfall in the Employment Rate of Riverside County

According to early estimates from the EDD, the unemployment rate in September was three-tenths of a percentage point lower than in August.

As the statewide coronavirus public health lockdowns were progressively lifted, the September rate, which matched the rates of June and July, was over 2.5 percentage points lower than the previous year when countywide unemployment remained at 6.4%.

EDD reports that 1,120,500 county inhabitants were employed in September, compared to an estimated 46,100 unemployed. Coachella had the highest unemployment rate in the entire county last month at 10.8%. Coachella was followed by Cherry Valley, Mecca, Rancho Mirage, and Indio.

According to statistics, the total unemployment rate for Riverside and San Bernardino counties was 3.9% in September, down from 4.3% in August. Bi-county data showed that the public sector, which added 4,800 employees as teachers and support staff at grade schools around the region returned to work following the summer break, saw the most significant increase in payrolls.

Additional advances were noted in the agriculture, health services, and transportation industries, adding 3,200 jobs. According to the EDD, unclassified industries generally increased by 1,600.

According to officials, the manufacturing, financial services, hotel, information technology, and construction sectors, all saw a fall in payrolls, with a combined loss of 5,300 jobs. The data shows September’s non-seasonally adjusted statewide unemployment rate was 3.7%. The situation was the opposite a few months back. Startempire reported how well the employment conditions were in the Inland Empire before and after the pandemic. 

Inland Empire Created Greater Number of Jobs

The Inland Empire gained back all the employment/jobs lost due to the COVID-19 problem. Rather than a net loss, the region has grown total payroll employment since the pandemic initially threw global labor markets into disarray.

Read Here: Inland Empire Created Greater Number of Jobs Than It Lost During the Pandemic

 

Riverside-based WurkNow Raises $10M to Create Employment Opportunities.

WurkNow, a staffing and workforce management platform based out of Riverside, CA, raised $10 Million in Series A funding. The round was led by Newport Beach, CA-based Newport Hayseed Group. If you are from the Inland Empire and looking for a new role in a challenging environment, look no further than WurkNow and discover what positions the startup is looking to fill.

Read Here: Riverside-based WurkNow Raises $10M with New Hiring and Business Growth as Top Priorities.

Logistics and Manufacturing Industries Are The Thriving Industries of IE

In 2021 Logistics and manufacturing industries will lead the way in offering and sustaining good jobs in the Inland Empire. They also contain a disproportionate share of the region’s promising jobs, especially for workers who do not have a bachelor’s degree. 

Read Here: What are Opportunity Industries and How Are Good Jobs in the Inland Empire Related to Them?

Wrap Up!

Many people are trying to find jobs to gain money and have a sustainable income. The employment rate of Riverside County has dropped by four percent in just one year, which is quite shocking because most people think it would go up. That’s why everyone needs to get their resume together and look for a job to make things better for them.

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