Overall unemployment rate moved down to 5.3% with the biggest shift in Government, which gained 6,700 roles, based on the most recently available information published in December 2021.
Total employment in the Sacramento--Roseville--Arden-Arcade, CA market rose by 7,010 jobs in October and the unemployment rate decreased compared to the prior month by 20 bps to 5.3%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Sacramento--Roseville--Arden-Arcade, CA unemployment rate is 104 bps above the national rate which is a negative sign.
- Unemployment in the market is 270 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 3.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Government: 240,000; +6,700
- Education & Healthcare: 164,700; +1,400
- Transportation & Utilities: 164,400; +2,600
- Business Services: 137,900; +2,200
- Restaurants & Hotels: 87,500; +400
- Construction, Mining: 79,800; -700
- Financial Services: 52,500; +400
- Manufacturing: 38,000; +300
- Other Jobs: 33,400; -800
- IT & Development: 10,100; +100
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.