Saturday, May 19, 2007

Job Growth Still Strong In Sacramento

Just the Facts Please:
Over 27,000 new Jobs in Sacramento in the last year at a growth rate of 3%.
Over 260,000 new jobs in California in the last 12 months.
Looks like a strong foundation for growth.

From the Sacramento Business Journal

Region still adding jobs

The four-county Sacramento metro area added 3,300 jobs in April to reach 924,600 jobs, keeping the local unemployment rate at 4.9 percent, unchanged from March.

Gains were scattered across several industries, with the biggest monthly gains in professional and business services at 1,100 and agriculture at 900, according to data issued Friday by the California Employment Development Department. There were small declines in leisure and hospitality as the ski season limped to a close; in finance because of mortgage-industry woes; and in transportation and utilities, possibly related to high gas prices.

Year-over-year, the four-county area added 27,300 jobs, a "relatively strong" 3 percent gain, EDD reported. Nearly half of the game came from growth in state and local government, public service, education and health care. The region also added 2,900 construction jobs despite the housing slowdown, although part of that gain may reflect the earlier start to the 2007 construction season compared to the rainy spring of 2006.

The local jobless rate of 4.9 percent is unadjusted for seasonal variations, and compares with an unadjusted rate of 5 percent for California and 4.3 percent for the United States. California's seasonally adjusted rate for April was 5.1 percent, up from 4.8 percent in March; California added 7,400 jobs to reach 15,250,200, state officials reported. That reflects growth of more than 266,000 jobs year-over-year, up 1.8 percent.

Sacramento Business Journal - 11:56 AM PDT Friday, May 18, 2007

Story Link Here

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