Updated May 2024: Significant regional improvement

Roseville, Calif. – Placer County’s unemployment once again moved down in the latest report from the California Economic Development Dept. The latest report keeps Placer County tied for 7th best in California for the lowest unemployment rate statewide.

Overall, the local and U.S. economy continues to roar, defying political pundits and frustrating some popular political cable outlets who keep telling Americans otherwise. They’ve been wrongly informing people with daily fear of an imminent recession for nearly four years.

⤹ Roseville: June 20- 23! ⤸

⤹ Roseville: June 20- 23! ⤸

⤹ Roseville: June 20- 23! ⤸

⤹Roseville: June 20- 23! ⤸

Bay Area leads California

The Bay Area continues to lead California with the lowest unemployment rate statewide. The counties reporting the highest unemployment are Colusa County (15.4%) and Imperial County (15.7%).

Local Counties At a Glance

  • Placer 3.9% (down from 4.3%)
  • Sacramento 4.5% (down from 4.9%)
  • El Dorado 4.2% (down from 4.7%)
  • Nevada 4.2% (down from 4.5%)
  • Yolo 5.1% (down from 5.8%)
  • Yuba 7.3% (down from 8.3%)

California Unemployment Rate by County (May 2024)

COUNTYUNEMPLOYMENT RATE
SAN MATEO3.30%
MARIN3.40%
SAN FRANCISCO3.40%
SAN LUIS OBISPO3.50%
MONO3.60%
ORANGE3.70%
INYO3.80%
NAPA3.80%
SANTA CLARA3.80%
SONOMA3.80%
PLACER3.90%
SAN DIEGO4.10%
EL DORADO4.20%
NEVADA4.20%
SANTA BARBARA4.20%
VENTURA4.20%
ALAMEDA4.40%
CONTRA COSTA4.40%
LOS ANGELES4.50%
SACRAMENTO4.50%
CALAVERAS4.70%
SAN BERNARDINO4.80%
HUMBOLDT4.90%
RIVERSIDE4.90%
SOLANO4.90%
MENDOCINO5.00%
YOLO5.10%
AMADOR5.20%
MARIPOSA5.40%
ALPINE5.50%
SHASTA5.50%
TUOLUMNE5.50%
BUTTE5.70%
DEL NORTE5.80%
LAKE6.00%
LASSEN6.10%
TEHAMA6.30%
SIERRA6.50%
TRINITY6.50%
SAN JOAQUIN6.60%
SAN BENITO6.70%
SANTA CRUZ6.70%
SISKIYOU6.70%
GLENN6.80%
STANISLAUS7.00%
MODOC7.10%
YUBA7.30%
MONTEREY8.00%
MADERA8.30%
FRESNO8.40%
SUTTER8.80%
PLUMAS9.10%
KINGS9.20%
KERN9.30%
MERCED10.50%
TULARE10.80%
COLUSA15.40%
IMPERIAL15.70%

“The Real Unemployment”

Public agencies regularly use a series of measures to report on labor underutilization. Labeled U-1 through U-6, each measure takes a variety of statistics into account to report numbers. The U-6, although less used, is often considered a more reliable indicator. For example statewide, the California EDD reports California unemployment numbers at 5.7%. The Bureau of Labor Statistics (BLS) currently ranges from 2 percent (U-1) to 9.5 percent (U-6) and updates generally lag slightly behind the California report.

  • U-1, persons unemployed 15 weeks or longer, as a percent of the civilian labor force;
  • U-2, job losers and persons who completed temporary jobs, as a percent of the civilian labor force;
  • U-3, total unemployed, as a percent of the civilian labor force (this is the definition used for the official unemployment rate);
  • U-4, total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers;
  • U-5, total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers; and
  • U-6, total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.
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Welcome to the brighter side!