RCEDA 8.5x11 Report d3

Our Economy, Labor Market and Labor Force As of January 1 st , 2018, Riverside County’s population of 2,415,955 had grown by nearly 7% since 2013. The county’s labor force has grown 13.2%over this same period. While the state labor force had only a 3.7% increase. The county remains the fourth largest county (by population) in the state.

Source: (State of California Employment Development Department)

Key Indexes for Riverside County: Unemployment Rate (October 2018) Total Non-Farm Employment (October 2018)

Total Number of Business Establishments (October 2018)

Gross Domestic Product (2017) 136 Billion Source: U.S. Bureau of Economic Analysis

Median Household Income (2017)

Per Capita Income (2017)

Bachelor’s Degree or Higher (2017)

4.4% 1.5 Million

65,100

$63,900 $39,300 22.2%

Source: State of California Employment Development Department

Source: US Census Bureau

LowUnemployment Unemployment has been on a consistent downward trend. From2013 to 2017, the number of unemployed has been slashed by 43%or 42,400 people. This is the lowest rate of unemployment in the last 10 years.

Source: State of California Employment Development Department

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