PLACERVILLE, CALIFORNIA

News

Government leads month over job gains

By March 25, 2011

The unemployment rate in the Sacramento-Arden Arcade-Roseville MSA was 12.6 percent in February 2011, down from a revised 12.9 percent in January 2011, and below the year-ago estimate of 12.9 percent.

This compares with an unadjusted unemployment rate of 12.3 percent for California and 9.5 percent for the nation during the same period. The unemployment rate was 12.9 percent in El Dorado County, 11.4 percent in Placer County, 12.6 percent in Sacramento County, and 15.0 percent in Yolo County.

Between January and February  the total number of jobs located in the counties of El Dorado, Placer, Sacramento, and Yolo increased by 1,400 to reach 798,800 jobs.

Government gained 1,700 jobs, which compares to an average gain of 1,900 jobs over the prior 21 years. State government added 1,200 jobs, followed by local government (up 600 jobs). Federal government experienced a slight decline (down 100 jobs).

Professional and business services grew by 1,500 jobs, higher than its typical 900-job increase. Administrative and support and waste management and remediation services gained 900 jobs, professional, scientific, and technical services added 700 jobs, and management of companies lost 100 jobs.

Leisure and hospitality saw a boost of 400 jobs, with an increase of 300 jobs in food services and drinking places and a gain of 100 jobs in accommodation.

Trade, transportation, and utilities experienced a loss of 1,900 jobs, which is more than its average loss of 1,400 jobs. Retail trade made up most of the decline (down 1,800 jobs).

Between February 2010 and February 2011 total wage and salary employment in the region dropped by 13,000 jobs or 1.6 percent.

  • Government employment shed 4,800 jobs, with decreases in local government (down 5,900 jobs) and federal government (down 300 jobs). State government increased by 1,400 jobs.
  • Financial activities contracted by 3,300 jobs due to losses in finance and insurance (down 2,900 jobs) and real estate, rental, and leasing (down 400 jobs).
  • Construction lost 2,500 jobs due to cutbacks in specialty trade contractors (down 1,600 jobs), construction of buildings (down 600 jobs), and residual construction (down 300 jobs).
  • Four industries gained employment, including professional and business services (up 700 jobs), total farm (up 600 jobs), private education and health services (up 300 jobs), and manufacturing (up 200 jobs).

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