Local job growth for December best in years - 2006-01-20 - Sacramento Business Journal: " Sacramento Business Journal - January 20, 2006
January 20, 2006
Local job growth for December best in years
The unemployment rate for California dropped to 5.1 percent in December, with Greater Sacramento's rate continuing to run lower than the rate for the state as a whole.
The local market added an estimated 18,300 jobs from Dec. 2004 to Dec. 2005; the 2.1 percent growth was the best since 2001.
The statewide rate, which is adjusted for seasonal variation in hiring, was improved from 5.3 percent in November and 6 percent in December 2004, according to data released Friday by the state Economic Development Department. Separate surveys showed that non-farm payroll employment reached 14,879,200 and the number of Californians holding jobs climbed to 17,118,000, up by more than a half-million from Dec. 2004.
The unadjusted rate for the four-county Sacramento region was 4.1 percent, compared with 4.8 percent statewide and 4.6 percent across the U.S. The local rate was 4.7 percent in November, but because the local numbers are not adjusted, much of the improvement came from seasonal retail hires to handle the holiday shopping rush; retail trade added 2,400 jobs. Other gains came from increased hiring at ski resorts, but the arrival of rain contributed to the loss of 1,400 construction jobs.
The jobless rates were 3.6 percent in Placer County, 4.1 percent in Sacramento County, 4.2 percent in El Dorado County and 5.2 percent in Yolo County.
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