Richmond unemployment rate still headed downward

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The unemployment rate in Richmond increased in March to 11.5 percent, a percentage point higher than in December, the Bureau of Labor Statistics reported.

Good news from the California Employment Development Department: Richmond’s unemployment rate of 10.5-percent in December is the lowest since June 2008, according to City Manager Bill Lindsay.

Statewide, the unemployment rate was 8.3 percent in December, the lowest since October 2008, while the rate nationwide was 6.7-percent, the EDD reported last month.

In his weekly report, Lindsay also said 195 new business licenses were issued in Richmond between July 1 and Dec. 31, bringing 426 jobs. Business license filings showed “a steady increase this fiscal year,” he said.

One recent new business is the nonprofit Tissue Banks International (TBI), which moved its staff of 90 from San Rafael to 880 Harbor Way South in Richmond last month.

During her recent State of the City speech, Mayor Gayle McLaughlin mentioned relative newcomers Planet Fitness and Magick Lantern to the city.

Any other new Richmond businesses we’re forgetting to mention? Let us know.

 

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