Wednesday, April 16, 2014

Leisure and hospitality slowed over-the-month, but led year-over growth

From page A7 | December 06, 2013 | Leave Comment

The unemployment rate in the Sacramento-Arden Arcade-Roseville MSA was 8.1 percent in October 2013, up from a revised 7.9 percent in September 2013, and below the year-ago estimate of 9.8 percent. This compares with an unadjusted unemployment rate of 8.3 percent for California and 7.0 percent for the nation during the same period. The unemployment rate was 7.6 percent in El Dorado County, 7.2 percent in Placer County, 8.4 percent in Sacramento County, and 8.3 percent in Yolo County.

Between September 2013 and October 2013, total wage and salary employment located in the counties of El Dorado, Placer, Sacramento and Yolo increased by 4,000 to total 846,000 jobs.

Government dominated the expansion by picking up 5,400 jobs. Additions in state government (up 2,100 jobs) and local government (up 3,300 jobs) accounted for the growth.

Education and health services added 1,800 jobs. Education services regained 500 jobs with the schools back in session, but the majority of the advancement was in health care and social assistance (up 1,300 jobs).

Leisure and hospitality cutback 1,700 jobs over-the-month, the smallest September to October decline since 2005. Accommodation and food services dominated the reduction (down 1,500 jobs), and arts, entertainment, and recreation contributed 200 jobs to the loss.

Between October 2012 and October 2013, total jobs in the region increased by 7,800, or 0.9 percent.

Leisure and hospitality led the year-over improvement (up 5,600 jobs). Accommodation and food services (up 4,700 jobs) contributed the bulk of the job gains.

Trade, transportation, and utilities continued the 34-month trend of expansion by adding 3,800 jobs. Retail trade (up 2,700 jobs), wholesale trade (up 700 jobs), and transportation, warehousing, and utilities (up 400 jobs) all contributed to the expansion.

Education and health services gained 2,400 jobs over-the-year. Health care and social assistance (up 2,000 jobs), and education services (up 400 jobs) reported improvements.

Construction cutback 4,300 jobs. Losses were scattered among residual construction (down 2,700 jobs), specialty trade contractors (down 1,100 jobs), and construction of buildings (down 500 jobs).

Diane Patterson


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