Slight rate tick upward pushes Placer County from Top 5
Roseville, Calif.- Despite the endless pessimism, fear, and dread on cable news, California’s economic picture continues to show strength on traditional unemployment metrics. Roseville, Placer County’s largest city continues to drive much of the region’s growth. The most recent unemployment numbers have ticked up slightly with a 2.8 percent unemployment rate in Placer, (yet, still down from 3.5% back in January) according to the latest report from the California Economic Development Dept.
The Bay Area continues to lead California with the lowest unemployment rate statewide. The counties reporting the highest unemployment are Tulare County (7.9%) and Imperial County (16.2%) with has traditionally high unemployment due to high numbers of seasonal workers.
Local Counties At a Glance
- Placer 2.8% (tied for 6th best in California)
- Sacramento 3.8%
- El Dorado 3.7%
- Nevada 3.0%
- Yolo 3.4%
- Yuba 5.3%
California Unemployment Rate by County
|SAN LUIS OBISPO||2.70%|
“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 3.9%. The Bureau of Labor Statistics (BLS) ranges from 2.5 percent (U-1) to 10.2 percent (U-6) at the end of the 2nd quarter. (Next update Oct 28)
- 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.
- Roseville Ranked Among Best Places to Live
- Roseville, a Top Growth Destination in U.S.
- Roseville Ranked 9th Best City to Retire in the United States
- Roseville Ranked 14th Nationally for Young Homebuyers
- FEMA Recognizes Roseville as “Best in the Nation”
- Roseville Ranked 5th Best in Nation to Work at Home
- Top 7 Reasons We Love Roseville
- Entrepreneur Business Accelerator and Incubator
- Has Downtown Roseville Finally Arrived?
- 7 Reasons We Love Placer County