PLACERVILLE, CALIFORNIA

News

County unemployment up to 7.2 percent

By From page A3 | August 22, 2014

The unemployment rate in the Sacramento-Arden Arcade-Roseville MSA was 7.4 percent in July 2014, up from a revised 6.9 percent in June 2014, and below the year-ago estimate of 8.9 percent.

This compares with an unadjusted unemployment rate of 7.8 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 7.3 percent in Yolo County.

El Doado County’s unemployment rate bumped up 0.4 percentage point from June when the unemployment rate was 6.8 percent, but down from a high for the calendar year of 8.3 percent in February.

El Dorado County’s total labor force in July was 89,300, of which 82,900 were employed. The Employment Development Departmnent pegged the unemployed total at 6,500.

Unemployment in all areas of the county, including El Dorado Hills ticked up: 5 percent in El Dorado Hills, 5.8 in Cameron Park, 6 in Shingle Springs, 9.8 in Pollock Pines, 11 percent in Diamond Springs, 11.4 in South Lake Tahoe, 12.4 in Placerville and 13.8 percent in Georgetown.

Between June 2014 and July 2014, combined employment located in the counties of El Dorado, Placer, Sacramento, and Yolo decreased by 11,100 to total 890,400 jobs.

• Government led the month-over decrease with a 13,800-job decline. The cutback in jobs was concentrated in local government education (down 9,400 jobs) and state government education (down 4,000 jobs). The job reduction was within seasonal norms where it is customary for schools to trim down during the summer break.

• Trade, transportation, and utilities slowed down by 800 jobs, its largest month-over decrease since 2009. Retail trade dwindled by 500 jobs, wholesale trade saw a 200-job dip, and transportation, warehousing, and utilities declined by 100 jobs.

• Financial activities declined by 600 jobs over the month. Finance and insurance receded by 400 jobs. Real estate, rental, and leasing dropped by 200 jobs.

• Professional and business services was the top industry gainer for the month, adding 2,000 jobs from June to July and exceeding its 10-year average by 1,500 jobs. Administrative and support and waste services led the way with a 1,600-job improvement, and professional, scientific, and technical services added 300 jobs.

Between July 2013 and July 2014, total jobs in the region increased by 20,200 or 2.3 percent.

Michael Raffety

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