Valley News -

County's jobless rate remains at historic low


Last updated 8/1/2018 at 2:35pm

RIVERSIDE – Riverside County’s unemployment rate held at 3.8 percent last month, the lowest level on record.

The jobless rate in May, based on preliminary estimates, matched the rate in April and was nearly a percentage point lower than the level from a year ago, when countywide unemployment stood at 4.7 percent, according to the California Employment Development Department.

Just over 40,000 residents were out of work last month, about 1,000 less than in April, figures showed.

EDD archives of labor market data show that the county’s jobless rate has never been recorded below 4 perc...

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