Business Activity

Modesto Economy Adapted through COVID19 and is Moving Forward

Modesto’s economy experienced the impacts of COVID19 and public-health based restrictions on business activity. By the end of 2021, Modesto had recovered much of its employment, matching the State of California as a whole on unemployment. Rising interest rates beginning in the latter part of 2022 have been associated with widespread increases in unemployment.

Despite dips in the Spring of 2021 and 2024 which coincide with annual renewal, the total number of active Modesto business licenses has steadily increased.

Source: Bureau of Labor Statistics Local Area Unemployment Statistics

Source: City of Modesto


Large Employers

Additional Resources