El Dorado County unemployment rate less than Sacto’s

By From page A14 | February 07, 2014

The unemployment rate in the Sacramento-Arden Arcade-Roseville Metropolitan Statistical Area was 7.6 percent in December 2013, down from a revised 8.0 percent in November 2013, and below the year-ago estimate of 9.7 percent.

This compares with an unadjusted unemployment rate of 7.9 percent for California and 6.5 percent for the nation during the same period. The unemployment rate was 7.2 percent in El Dorado County, 6.5 percent in Placer County, 7.7 percent in Sacramento County, and 9.5 percent in Yolo County.

El Dorado County’s 7.2 percent unemployment rate includes details from eight areas, with El Dorado Hills’ rate being 4.3, Cameron Park 5.0 and Shingle Springs 5.1. The higher figures come from Georgetown at 12 percent, Placerville at 10.8 percent and South Lake Tahoe 9.9 percent. Diamond Springs is 9.4 percent and Pollock Pines is 8.5 percent.

Between November 2013 and December 2013, total wage and salary employment located in the counties of El Dorado, Placer, Sacramento, and Yolo increased by 1,000 to total 852,300 jobs.

• Leisure and hospitality led the month-over gain (up 2,300 jobs). Accommodation and food services contributed the bulk of the growth with an increase of 1,900 jobs. Arts, entertainment, and recreation added 400 jobs over the month.
• Professional and business services grew by 1,100 jobs month over. This marked the largest November to December increase in this industry since 1997. Professional, scientific, and technical services accounted for the entire job expansion.
• Construction added 700 jobs over the month. This increase bucked seasonal trends that normally saw the industry down an average of 1,700 jobs for the month over. The job uptick was the only November to December gain reported back to 1990. Specialty trade contractors spurred the advancement with a 900-job increase. Sunny weather in November and December played a role in this.
• Government cut back 3,200 jobs over the month. Declines in local government (down 2,600 jobs) and state government (down 700 jobs) accounted for the loss.
Between December 2012 and December 2013, total jobs in the region increased by 17,900 or 2.2 percent.
• Leisure and hospitality maintained its robust year-over growth with an upswing of 4,800 jobs. Accommodation and food services dominated the industry’s year-over gain, adding 4,700 jobs. Arts, entertainment, and recreation added 100 jobs.
• Trade, transportation, and utilities improved by 3,800 jobs year over. Retail trade (up 2,600 jobs), wholesale trade (up 700 jobs), and transportation, warehousing, and utilities (up 500 jobs) all contributed to the job advancement.
• Financial activities dipped 800 jobs over the year. Finance and insurance led the decline with a 1,000-job reduction, offsetting a 200-job gain in real estate and rental and leasing.

Michael Raffety

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