Health services, construction,and hospitality sectors growing
The unemployment rate in Murrieta is at its lowest in a decade according to a new report from the California Employment Development Department. New jobs in the hospitality, construction and health care industries are driving employment numbers up. The information in the report illustrates a bigger picture. California is charging towards full-employment and the City of Murrieta is reflecting this trend.
The November 2017 non-seasonal adjusted jobless rate was 3.4% in Murrieta according to the report. This is one of the lowest recorded rates in the past decade. Just 5 years ago, the unemployment rate in Murrieta was 8.6% according to the Bureau of Labor Statistics.
Riverside County has a reported 4.3% county- wide and the state of California has recorded 4.6% adjusted unemployment. Unemployment rates in Riverside have never been this low in recorded history according to a spokesperson from the California Employment Development Department.
See the chart to compare how Murrieta unemployment numbers compare to neighboring cities.
The report detailed growth in various industries including health services, construction and hospitality. For this reason, it should come as no surprise Murrieta is growing in these areas too. Loma Linda recently added a new NICU unit and the city is also working on a new hotel. Construction in the city is steaming ahead as evidenced by the newly completed Whitewood project.
Article from the Murrieta Business Matters Newsletter written by Alex Nay.