Sac Region's Jobless Rate Highest Since 1997
Calif. Employment Development Dept.
The Sacramento area’s unemployment rate rose three-tenths of a percent in March. It’s now at 6.5 percent, well above the national average of 5.2 percent, and the highest since early 1997.
Friday, April 18, 2008
The numbers come from the state’s Employment Development Department and cover Sacramento, Yolo, El Dorado and Placer Counties. Placer had the lowest unemployment rate, 6.0 percent. Yolo’s was all the way up to 7.6 percent. However, the total number of jobs in the region actually rose last month by 4,300 – that’s about a half a percent
Interestingly, the largest gain in jobs from last March to this March was in government – especially state government. Despite the governor declaring a fiscal emergency in January, California still added 4,300 new jobs over the last year across the Sacramento region.
On the other end of the spectrum: the construction industry, which lost a full 5,000 jobs over the same period of time.