The unemployment rate in the Sacramento-Arden Arcade-Roseville MSA was 8.2 percent in February 2014, down from a revised 8.3 percent in January 2014, and below the year-ago estimate of 9.4 percent.
This compares with an unadjusted unemployment rate of 8.5 percent for California and 7.0 percent for the nation during the same period.
The unemployment rate was 8.3 percent in El Dorado County, 7.1 percent in Placer County, 8.1 percent in Sacramento County and 10.4 percent in Yolo County.
El Dorado County’s February unemployment rate ticked up from 8.1 percent in January.
In El Dorado County, the Georgetown area retained the title as having the highest rate of unemployment at 13.8 percent, while El Dorado Hills continued with the lowest at 5 percent in February. In January those rates were 13.5 percent and 4.9 percent, respectively.
Next lowest was Cameron Park at 5.8 percent followed by Shingle Springs at 6 percent. In January those rates were 5.7 percent and 5.8 percent, respectively.
Pollock Pines had a 9.8 percent rate, followed by Diamond Springs at 11 percent. In January those rates were 9.6 percent and 10.7 percent, respectively. South Lake Tahoe’s unemployment rate was 11.4 percent and Placerville’s 12.4 in February. In January those rates were 11.2 percent and 12.2 percent, respectively.
Between January 2014 and February 2014, combined employment located in the counties of El Dorado, Placer, Sacramento and Yolo increased by 3,800 to total 875,500 jobs:
• Educational and health services grew by 2,000 jobs, its largest month-over gain going back to 1990. The 1,600 job gain in health care and social assistance led the increase. Private education added 400 jobs.
• Government showed a higher than average seasonal increase of 1,900 jobs over the month. Local government added 1,000 jobs with 900 of these jobs coming from public education. State government grew by 1,000 jobs, and federal government dipped by 100 jobs over the month.
• Construction expanded by 700 jobs. Specialty trade contractors’ increase of 400 jobs helped spur the industry upward in a month that historically sees construction down an average of 100 jobs.
• Trade, transportation and utilities led the month-over decrease with a 1,600-job loss. The cut-back in jobs was on par with seasonal averages for the industry. Retail trade was down 1,700 jobs, and transportation, warehousing and utilities dropped 100 jobs over the month. Wholesale trade added 200 jobs.
Between February 2013 and February 2014, total jobs in the region increased by 11,900 or 1.4 percent:
• Educational and health services maintained its robust year-over growth with an upswing of 4,800 jobs. Health care and social assistance dominated the industry’s year-over gain, adding 3,900 jobs. Private education contributed 900 jobs.
• Government grew by 3,200 jobs over the year. State government accounted for all of the gains, adding 3,600 jobs. Federal and local government each declined by 200 jobs over the year.
• Leisure and hospitality dipped 2,300 jobs since this time last year. Arts, entertainment and recreation led the industry decline dropping 2,200 jobs.