Shasta County economic dashboard | News [Video]

SHASTA COUNTY, Calif. – Redding’s Chamber of Commerce unveiled Shasta County’s economic dashboard for 2024 on Tuesday.

It’s prepared by Golden Valley Bank.

The numbers show that Shasta County home prices averaged more than $377,000, up more than $4,000 over last year, but still 55% less than the state average. The average annual wage in Shasta County is up nearly $3,000 at $60,800.

The unemployment rate stands at nearly six percent, but the labor force has shrunk by more than 12,000 people since 2008. Business leaders say attracting both skilled and general workers is a high priority.

The business confidence survey shows that owners expect sales to increase by 50% and profits to increase by 44% in the coming year.

That’s despite an expectation that local business conditions will worsen.