Greater Sacramento jobless rate sank in July and remained below the rate for the state and the nation
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August 19, 2005
Local unemployment rate, job count shrinks
The jobless rate for Greater Sacramento sank in July and remained below the rate for the state and the nation. But seasonal variations in education were enough to shrink the total number of payroll jobs in the four-county area, breaking a five-month string of gains, the state reported Friday.
The unadjusted unemployment rate for the four-county area in July was 4.7 percent, down from 4.8 percent in June and 5.6 percent in July 2004. The equivalent unadjusted rates for California and the United States were 5.4 percent and 5.2 percent respectively, according to the state Economic Development Department.
Unadjusted rates are calculated without corrections for seasonal job shifts, such as summertime vacations for schools and holiday retail hiring. The preliminary adjusted rate for California in July was 5.1 percent, down from 5.4 percent in June and 6.2 percent in July 2004. It was the lowest rate in the state since May 2001.
State surveys of employers indicated that nonfarm payroll employment grew by 29,900 jobs from June to July to reach a seasonally adjusted 14,783,400. The figure climbed 1.3 percent, or 189,700 jobs, year over year.
Local figures, which were not seasonally adjusted, showed a decline of 4,400 jobs from the total in June, largely because of the end of the school year. The total shrank by 6,100 jobs at state universities, community colleges and school districts, and lost an additional 200 private education jobs.
That was more than enough to offset gains elsewhere, including a one-month rise of 800 construction jobs to hit 74,200, a record for the region.
August 19, 2005
Local unemployment rate, job count shrinks
The jobless rate for Greater Sacramento sank in July and remained below the rate for the state and the nation. But seasonal variations in education were enough to shrink the total number of payroll jobs in the four-county area, breaking a five-month string of gains, the state reported Friday.
The unadjusted unemployment rate for the four-county area in July was 4.7 percent, down from 4.8 percent in June and 5.6 percent in July 2004. The equivalent unadjusted rates for California and the United States were 5.4 percent and 5.2 percent respectively, according to the state Economic Development Department.
Unadjusted rates are calculated without corrections for seasonal job shifts, such as summertime vacations for schools and holiday retail hiring. The preliminary adjusted rate for California in July was 5.1 percent, down from 5.4 percent in June and 6.2 percent in July 2004. It was the lowest rate in the state since May 2001.
State surveys of employers indicated that nonfarm payroll employment grew by 29,900 jobs from June to July to reach a seasonally adjusted 14,783,400. The figure climbed 1.3 percent, or 189,700 jobs, year over year.
Local figures, which were not seasonally adjusted, showed a decline of 4,400 jobs from the total in June, largely because of the end of the school year. The total shrank by 6,100 jobs at state universities, community colleges and school districts, and lost an additional 200 private education jobs.
That was more than enough to offset gains elsewhere, including a one-month rise of 800 construction jobs to hit 74,200, a record for the region.
posted by Solano EDC at 9:13 AM
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