The City of Moreno Valley’s job growth has increased significantly, creating 29,741 new jobs within the past ten years, according to an independent report from the UC Riverside School of Business Center for Economic Forecasting and Development.
Additionally, the report states that Moreno Valley has created 5,768 jobs from the fourth quarter of 2020 to the fourth quarter of 2021—an increase of 11 percent, eclipsing Riverside County’s overall growth of 6.6 percent.
“These new job numbers confirm what we’ve known all along: Moreno Valley continues to be a leader in local job creation across Riverside County and the Inland Empire,” said Dr. Yxstian Gutierrez, Mayor of Moreno Valley. “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.”
“Moreno Valley has seen one of the strongest recoveries following the pandemic, outpacing many parts of California,” said Dr. Christopher Thornberg, Director of the UC Riverside School of Business Center for Economic Forecasting and Development.
Most of these 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.
Moreno Valley has made it easy for businesses to thrive. Programs like Hire MoVal offer incentives to companies who hire locally, and the City’s Business and Employment Resource Center (BERC) offers jobseekers unrivaled resources to obtain the perfect local career.
The UC Riverside School of Business Center for Economic Forecasting and Development brings the full resources of the University when creating these modern, first-rate economic reports. These independently provided statistics underscore the fact that Moreno Valley continues to be among the most robust centers for job creation in California.
Click here to view the report, and for more information on how Moreno Valley is moving at the speed of business, visit morenovalleybusiness.com.