|November 26, 2022|
Report: Moreno Valley scores major job gains
MORENO VALLEY – (INT) – City officials are touting Moreno Valley’s job growth.
An independent report from the UC Riverside School of Business Center for Economic Forecasting and Development found that 29,741 new jobs over the past 10-years.
Over a shorter span, more than 5-thousand jobs were created from the fourth quarter of 2020 to the fourth quarter of 2021. That 11 percent increase eclipsed Riverside County’s overall growth of 6-point-6 percent.
Business center director Dr. Christopher Thornberg noted that MoVal “has seen one of the strongest recoveries following the pandemic, outpacing many parts of California.”
Most new jobs have been created in the Logistics, Transportation, and Utilities sectors. Additionally, overall wages in Moreno Valley have grown by 3 percent, with the most substantial wage growth in the Professional, Scientific, and Management sectors.
Yxstian Gutierrez, Mayor of Moreno Valley, said “This exponential job growth means more Moreno Valley working professionals are obtaining employment closer to home, which allows them to live closer to their families and thrive in our community.”
Story Date: November 17, 2022