Richmond’s unemployment rate dips to 14-year low of 5.8-percent

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Richmond's unemployment rate dips to 14-year low of 5.8-percent

Richmond’s unemployment dipped to a 14-year low at 5.8-percent at the end of March, Mayor Tom Butt reported in his e-forum.

About 50,000 of Richmond’s labor force of 53,100 workers are employed, Butt said, citing figures from the state Employment Development Department.

The previous low in Richmond was 5-percent in 2000, the mayor added. In Contra Costa County, the unemployment rate at the end of March was 5-percent. In California, it was 7.1-percent and U.S.-wide it was 5.6-percent.

The job gains in Richmond mimic the continual growth Bay Area-wide, which is “definitely tech driven,” a vice president with the Bay Area Council’s Economic Institute told the Bay Area News Group.

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