Sacramento Region adding jobs, but more slowly - Sacramento Business Journal:

Sacramento Business Journal - January 19, 2007
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Region adding jobs, but more slowly
Sacramento Business Journal - January 19, 2007

The Greater Sacramento unemployment rate held steady at 4.3 percent in December and the region added 14,200 jobs year-over-year, a slowdown from rates seen early in the year.

Seasonal hiring at ski resorts and retail stores gave its customary boost to the December numbers, with the usual declines in construction also felt. But state officials said the housing slowdown cut into job numbers. The December data showed a decline of 1,500 construction jobs for the year, "the first such downturn after 13 consecutive years of growth."

Statewide, 17,200 non-farm payroll jobs were added in December, but the unemployment rate climbed two-tenths of a point from November to 4.8 percent, according to data released Friday by the state Employment Development Department.

Some 17.1 million Californians held jobs in December, up by 164,000, or about 1 percent, from Dec. 2005.

In the four-county capital area, officials reported 918,200 jobs, up 1.6 percent from a year earlier. In the early months of 2006, the region was adding jobs at an annual clip of more than 2 percent.

The local jobless rates were not adjusted for typical seasonal variations such as summer school vacations. The 4.3 percent rate for the region was equal to the unadjusted figure for the United States and below the 4.6 percent for the state. The December 2005 rate was an estimated 4.1 percent.

Individual rates by county were 4.4 percent in Sacramento County, where the bulk of the region's jobs are based; 4.3 percent in El Dorado County; 3.6 percent in Placer County and 5.5 percent in Yolo County.


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