The unemployment rate in the Sacramento-Arden Arcade-Roseville MSA was 10.3 percent in January 2013, up from a revised 9.7 percent in December 2012, and below the year-ago estimate of 11.4 percent.
This compares with an unadjusted unemployment rate of 10.4 percent for California and 8.5 percent for the nation during the same period. The unemployment rate was 10.0 percent in El Dorado County, 8.9 percent in Placer County, 10.3 percent in Sacramento County, and 12.7 percent in Yolo County.
Between December 2012 and January 2013, total wage and salary employment located in the counties of El Dorado, Placer, Sacramento, and Yolo decreased by 10,800 to total 823,600 jobs.
• Trade, transportation, and utilities decreased by 5,600 jobs. The bulk of the losses were in retail trade (down 3,900 jobs). Transportation, warehousing, and utilities (down 1,500 jobs) and wholesale trade (200 jobs) accounted for the remaining decline.
• Professional and business services declined by 2,400 jobs, predominately due to the 1,900-job cutback in administrative and support and waste management and remediation services.
• Construction lost 1,100 jobs over the month. The reductions were scattered throughout construction of buildings (down 300 jobs), specialty trade contractors (down 100 jobs), and other components of the industry (down 700 jobs).
• Financial activities added 800 jobs, mostly in finance and insurance (up 700 jobs).
Between January 2012 and January 2013, total jobs located in the region increased by 11,800 or 1.45 percent.
• Trade, transportation, and utilities reported a gain of 6,000 jobs year over year. Additions in retail trade (up 3,300 jobs), transportation, warehousing, and utilities (up 1,700 jobs), and wholesale trade (up 1,000 jobs) all contributed to the expansion.
• Professional and business services grew by 5,600 jobs year over year. The bulk of the job additions were in administrative and support and waste services (up 4,200 jobs), although professional, scientific, and technical services (up 1,200 jobs) and management of companies and enterprises (up 200 jobs) also reported growth.
• Educational and health services added 2,300 jobs over the year, mostly in health care and social assistance (up 1,800 jobs).
• Government cut back 2,200 jobs, mainly in local government (down 1,900 jobs).