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The unemployment rate in the Sacramento-Arden Arcade-Roseville MSA was 9.8 percent in October 2012, up from a revised 9.7 percent in September 2012, and below the year-ago estimate of 11.4 percent. This compares with an unadjusted unemployment rate of 9.8 percent for California and 7.5 percent for the nation during the same period.
The unemployment rate was 9.0 percent in El Dorado County, 8.9 percent in Placer County, 10.2 percent in Sacramento County, and 9.7 percent in Yolo County.
Between September 2012 and October 2012, total wage and salary employment located in the counties of El Dorado, Placer, Sacramento, and Yolo increased by 100 to total 825,400 jobs.
• Government expanded by 4,600 jobs. State government (up 3,200 jobs) and local government (up 1,400 jobs) accounted for the increase. Federal government was unchanged over the month.
• Education and health services gained 1,700 jobs. Health care and social assistance (up 1,100 jobs) and education services (up 600 jobs) accounted for the gain.
• Trade, transportation, and utilities increased by 1,300 jobs. Retail trade (up 800 jobs) accounted for the bulk of the growth. Transportation, warehousing, and utilities (up 400 jobs) and wholesale trade (up 100 jobs) accounted for the balance.
• On the downside, leisure and hospitality declined by 3,800 jobs. Accommodation and food services (down 3,500 jobs) and arts, entertainment, and recreation (down 300 jobs) accounted for the decrease.
Between October 2011 and October 2012, the total number of jobs located in the region increased by 15,000 or 1.85 percent.
• Trade, transportation, and utilities added 4,700 jobs. Retail trade (up 4,100 jobs) accounted for most of the increase. Transportation, warehousing, and utilities (up 300 jobs) and wholesale trade (up 300 jobs) accounted for the balance.
• Professional and business services increased by 4,300 jobs. Administrative and support and waste management and remediation services (up 3,400 jobs) and professional, scientific, and technical services (up 900 jobs) accounted for the increase. Management of companies and enterprises was unchanged over the year.
• Education and health services expanded by 3,000 jobs. Health care and social assistance (up 2,900 jobs) and education services (up 100 jobs) accounted for the gain.
• On the downside, government decreased by 1,300 jobs, largely in state government (down 1,000 jobs). Federal government cut back 400 jobs, while local government added 100 jobs.
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Phil VeerkampNovember 23, 2012 - 9:05 pm
Hmmm . . . LINK - Health care law brings double dose of trouble for CCAC part-time profs . . . "This puts us in a difficult position," Mr. Hoovler said. "We certainly respect the contribution that these temporary employees make to this institution. But this is just a step we have to take and we are confident we are well within the provisions of the act." . . . Mr. Hoovler said the cost to provide insurance to the 400 employees would be about $6 million.
Phil VeerkampNovember 23, 2012 - 9:08 pm
Hmmmmmmmmmmm . . . LINK - You’ll love this. The Daily Princetonian
cookie65November 24, 2012 - 7:28 am
Expanding the burden on the taxpayers is not and will never be job creation. It is like taking a bucket of water out of one end of a pool and pouring it into the other end and expecting to change the water level in the pool. This is just another form of welfare, a much more expensive form.
Phil VeerkampNovember 24, 2012 - 10:47 am
Cookie65 asserts, " It is like taking a bucket of water out of one end of a pool and pouring it into the other end and expecting to change the water level in the pool." Yes, Cookie, I do expect the level of the pool to change. The bucket leaks. The bucket sloshes over the sides. Water is spilt on it's path to the other end of the pool. The pool slowly empties. Silly Cookie!
Drake FrancisNovember 24, 2012 - 5:39 pm
Repub losers hate it when things start improving. It solidifies their losing position. Losers.