Losses in construction, hospitality and other sectors were offset by gains elsewhere in the regional economy, nudging Riverside County’s unemployment rate back down to 4% last month, according to figures released Friday by the California Employment Development Department.
Gains in some sectors of the regional economy were outweighed by losses in others, pushing Riverside County’s unemployment rate higher last month, according to figures released Friday by the California Employment Development Department.
The number of open positions ticked up unexpectedly in July, with around 11.2 million jobs available, slightly higher than June’s revised total of 11 million openings, according to the latest Job Openings and Labor Turnover Survey (JOLTS). Economists had expected there to be about 10.5 million jobs added, according to estimates from Refinitiv.
According to figures, the June rate was over four percentage points lower than the year-ago level, when countywide unemployment stood at 8.4%, as the statewide coronavirus public health lockdowns were gradually eased.
Modest gains in a few sectors of the regional economy were offset by losses in others, leaving the unemployment rate unchanged in Riverside County last month, according to figures released Friday by the California Employment Development Department. The jobless rate in July, based on preliminary estimates, was 7.9%, the same figure reported by EDD in […]
