Placer County rate rises to 4.2 percent
Roseville, Calif. – Placer County’s unemployment ticked up along with the rest of California in the latest report from the California Economic Development Dept. The latest report moves Placer County down to for 9th best in California for the lowest unemployment rate statewide.
Overall, the economy is showing some signs of slowing. It has been performing dramatically better than “experts” forecasted over the past few years. News and politicians have been predicting doom and gloom for several years which has failed to materialize thus far, despite some signs of consumer weakness.
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 (11.6%) and Imperial County (16.4%).
Local Counties At a Glance
- Placer 4.2% (up from 3.4%)
- Sacramento 4.8% (up from 4.0%)
- El Dorado 4.4% (up from 3.7%)
- Nevada 4.2% (up from 3.5%)
- Yolo 5.2% (up from 4.2%)
- Yuba 6.9% (up from 6.1%)
California Unemployment Rate by County (August 2024)
| COUNTY | UNEMPLOYMENT RATE |
|---|---|
| SAN MATEO | 3.50% |
| SAN FRANCISCO | 3.60% |
| INYO | 3.70% |
| MARIN | 3.70% |
| NAPA | 3.80% |
| MONO | 3.90% |
| ORANGE | 4.00% |
| SAN LUIS OBISPO | 4.00% |
| SONOMA | 4.00% |
| SANTA CLARA | 4.10% |
| NEVADA | 4.20% |
| PLACER | 4.20% |
| SANTA BARBARA | 4.20% |
| CALAVERAS | 4.40% |
| EL DORADO | 4.40% |
| SIERRA | 4.40% |
| MARIPOSA | 4.50% |
| SAN DIEGO | 4.50% |
| VENTURA | 4.50% |
| ALAMEDA | 4.60% |
| CONTRA COSTA | 4.70% |
| SACRAMENTO | 4.80% |
| MENDOCINO | 4.90% |
| AMADOR | 5.00% |
| HUMBOLDT | 5.00% |
| SOLANO | 5.10% |
| LASSEN | 5.20% |
| SAN BERNARDINO | 5.20% |
| TRINITY | 5.20% |
| YOLO | 5.20% |
| MODOC | 5.30% |
| SHASTA | 5.30% |
| TUOLUMNE | 5.30% |
| RIVERSIDE | 5.40% |
| SANTA CRUZ | 5.60% |
| DEL NORTE | 5.70% |
| LAKE | 5.70% |
| MONTEREY | 5.70% |
| PLUMAS | 5.70% |
| BUTTE | 5.90% |
| LOS ANGELES | 5.90% |
| SISKIYOU | 6.00% |
| TEHAMA | 6.10% |
| SAN BENITO | 6.30% |
| SAN JOAQUIN | 6.40% |
| GLENN | 6.50% |
| YUBA | 6.90% |
| STANISLAUS | 7.10% |
| ALPINE | 7.40% |
| MADERA | 7.40% |
| FRESNO | 7.70% |
| SUTTER | 7.90% |
| KINGS | 8.40% |
| KERN | 8.90% |
| MERCED | 9.40% |
| TULARE | 10.00% |
| COLUSA | 11.60% |
| IMPERIAL | 16.40% |
“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 5.2%. The Bureau of Labor Statistics (BLS) currently ranges from 2 percent (U-1) to 9.6 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.
(21+ years strong)
Welcome to the brighter side!
