News
Riverside County’s Jobless Rate Jumps in January
RIVERSIDE (CNS) – Losses throughout the regional economy pushed Riverside County’s unemployment rate higher at the start of the year, according to figures released Wednesday by the California Employment Development Department.
The countywide jobless rate in January, based on preliminary EDD estimates, was 4.5%, compared to 3.8% in December.
The EDD posted the data outside of its usual schedule due to an annual statistical revision process done in concert with the U.S. Department of Labor known as “benchmarking,” which is intended to improve accuracy of results. The process will wrap up later this month, at which point the February jobless figures also will be released.
According to figures, the January 2023 rate was more than one percentage point lower than the year-ago level, when countywide unemployment stood at 5.6%, as the statewide COVID-driven public health restrictions came to an end.
An estimated 51,800 county residents were recorded as out of work in January, and 1,100,100 were employed, according to the EDD.
Mecca had the highest unemployment rate countywide in January at 11%, followed by Coachella at 8.4%, Cherry Valley at 8.1%, Rancho Mirage and Hemet at 6.4%, and East Hemet at 6.2%.
The combined unemployment rate for Riverside and San Bernardino counties in January was 4.4%, up from 3.7% in December, according to figures.
Bi-county data indicated payrolls only expanded in the public and manufacturing sectors, which together added 1,300 positions.
The retail trade sector shed the largest number of jobs at the close of the holiday shopping season, leaving 13,800 people out of work, data showed.
The agricultural, construction, financial, health services, hospitality, information technology and professional business services sectors lost an aggregate 12,600 jobs, according to the EDD.
Miscellaneous unclassified industries also shrank by 1,400 jobs, while the mining sector was unchanged, officials said.
Data indicated the statewide non-seasonally adjusted unemployment rate in January was 4.6%.
Copyright 2023, City News Service, Inc.
By: Pristine Villarreal
March 22, 2023
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