The unemployment rate in the Sacramento-Arden Arcade-Roseville Metropolitan Statistical Area was 8.1 percent in March 2014, down from a revised 8.2 percent in February 2014, and below the year-ago estimate of 9.1 percent. This compares with an unadjusted unemployment rate of 8.4 percent for California and 6.8 percent for the nation during the same period.
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The unemployment rate was 8.4 percent in El Dorado County, 7.1 percent in Placer County, 8.1 percent in Sacramento County, and 10.1 percent in Yolo County.
El Dorado County’s unemployment rate has been steadily ticking up. In December 2013 it was 7.2 percent. By January it was back up to 8.1 percent and inched up to 8.3 percent in February and was 8.4 percent for March.
Dragging down El Dorado County’s rates was Georgetown, South Lake Tahoe, Placerville, Pollock Pines and even Cameron Park. All these areas each added 0.1 to the unemployment rate between February and March. El Dorado Hills stayed the same at 5 percent as did Shingle Springs at 6 percent and Diamond Springs at 11 percent. Georgetown’s unemployment rate was 13.9 percent, followed by Placerville at 12.5 percent. South Lake Tahoe was 11.5 percent in March. Pollock Pines was 9.9 percent and Cameron Park was 5.9 percent.
Between February 2014 and March 2014, combined employment located in the counties of El Dorado, Placer, Sacramento, and Yolo increased by 9,300 to total 884,200 jobs.
• Leisure and hospitality led the month-over gain (up 3,200 jobs). Accommodation and food services contributed the bulk of the increase with 2,900 jobs. Arts, entertainment, and recreation added 300 jobs.
• Government grew by 2,500 jobs, outpacing its 10-year average of month-over growth (up 1,600 jobs). Local government added 1,400 jobs, with 1,300 of these jobs coming from public education. State government expanded by 1,100 jobs and county government improved 100 jobs.
• Professional and business services picked up 1,400 jobs month-over. This marked the largest February to March increase in this industry since 2002. Administrative and support and waste services grew by 1,000 jobs. Professional, scientific, and technical services gained 300 jobs.
• Only three industries saw job declines over the month. Financial activities, information, and trade, transportation, and utilities each dropped 100 jobs.
Between March 2013 and March 2014, total jobs in the region increased by 16,100 or 1.9 percent.