Monday, July 28, 2014
PLACERVILLE, CALIFORNIA
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Retail cutbacks led month-over job decline

By
From page A3 | March 12, 2014 |

The unemployment rate in the Sacramento-Arden Arcade-Roseville MSA was 8.3 percent in January 2014, up from a revised 7.5 percent in December 2013, and below the year-ago estimate of 10 percent. This compares with an unadjusted unemployment rate of 8.5 percent for California and 7.0 percent for the nation during the same period. The unemployment rate was 8.1 percent in El Dorado County, 7.0 percent in Placer County, 8.2 percent in Sacramento County, and 10.6 percent in Yolo County.

The unemployment rates in El Dorado County started with a low of 4.9 percent in El Dorado Hills and went to a high of 13.5 percent in Georgetown. Next highest was Placerville at 12.2 percent, followed by South Lake Tahoe at 11.2 percent.

Pollock Pines’ rate in January was 9.6 percent and Diamond Springs was 10.7 percent. Shingle Springs was 5.8 percent and Cameron Park 5.7 percent.

Between December 2013 and January 2014, combined employment located in the counties of El Dorado, Placer, Sacramento and Yolo decreased by 11,600 to total 872,200 jobs.

Trade, transportation and utilities declined by 6,400 jobs over the month. Retail trade accounted for the bulk of the losses (down 5,100 jobs). Transportation, warehousing and utilities receded by 1,700 jobs, while wholesale trade picked up 400 jobs.

Professional and business services showed a seasonal decline of 2,200 jobs. Administrative and support and waste management and remediation services accounted for nearly the entire cutback.

Construction lost 2,100 jobs over the month, which was less than its average 2,700-job loss from December to January. Specialty trade contractors dropped 2,100 jobs, and construction of buildings edged down by 300 jobs.

Government was the only industry to post a job gain over the month, up 1,700 jobs. Local government, led by public education, saw an increase of 1,400 jobs. State government added 600 jobs, while federal government was down 300 jobs.

Between January 2013 and January 2014, total employment in the region increased by 14,800, or 1.7 percent. Similarly, private non-farm employment expanded by 11,400 jobs, or 1.8 percent over the year.

Educational and health services grew by 4,000 jobs year over. The majority of the job additions were in health care and social assistance, up 3,300 jobs. Education services contributed 700 jobs.

Government improved by 3,400 jobs since this period last year. State government accounted for all of the gains, adding 4,100 jobs.

In contrast, information shed 700 jobs over the year. Leisure and hospitality and manufacturing also saw cutbacks, down by 500 and 300 jobs respectively.

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Michael Raffety

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