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The unemployment rate in the Sacramento-Arden Arcade-Roseville MSA was 10.3 percent in August 2012, down from a revised 10.7 percent in July 2012, and below the year-ago estimate of 11.9 percent.
This compares with an unadjusted unemployment rate of 10.4 percent for California and 8.2 percent for the nation during the same period. The unemployment rate was 9.6 percent in El Dorado County, 9.3 percent in Placer County, 10.7 percent in Sacramento County, and 9.7 percent in Yolo County.
Between July 2012 and August 2012, total wage and salary employment located in the counties of El Dorado, Placer, Sacramento, and Yolo increased by 400 to total 823,200 jobs.
• Construction increased by 1,800 jobs, largely due to gains in specialty trade contractors (up 1,200 jobs). Residual construction added 400 jobs, and construction of buildings was up 200 jobs.
• Trade, transportation, and utilities added 1,500 jobs. Retail trade (up 1,300 jobs) and transportation, warehousing, and utilities (up 200 jobs) accounted for the gain. Wholesale trade was unchanged over the month.
• Manufacturing expanded by 1,500 jobs. Durable goods advanced by 800 jobs and non-durable goods added 700 jobs.
• On the downside, government declined by 4,600 jobs. Local government (down 2,900 jobs), state government (down 1,600 jobs), and federal government (down 100 jobs) accounted for the decrease.
Between August 2011 and August 2012, the total number of jobs located in the region increased by 17,600 or 2.18 percent.
• Professional and business services added 4,900 jobs due to gains in administrative and support and waste management and remediation services (up 4,400 jobs) and professional, scientific, and technical services (up 500 jobs).
• Trade, transportation, and utilities increased by 3,900 jobs. Retail trade (up 3,500 jobs) accounted for the bulk of the growth. Wholesale trade and transportation, warehousing, and utilities each added 200 jobs.
• Construction (up 3,300 jobs), government (up 3,100 jobs), and education and health services (up 2,400 jobs) each experienced sizable gains.
• On the downside, leisure and hospitality decreased by 900 jobs. Arts, entertainment, and recreation (down 700 jobs) and accommodation and food services (down 200 jobs) accounted for the decrease.
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