Overall unemployment rate stayed flat at 4.3% with the biggest shift in Construction, Mining, which gained 4,300 roles, based on the most recently available information published in April 2023.
Total employment in the Sacramento--Roseville--Arden-Arcade, CA market rose by 8,684 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Sacramento--Roseville--Arden-Arcade, CA unemployment rate is 41 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 2.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Government: 250,800; +1,100
- Education & Healthcare: 182,900; +2,000
- Transportation & Utilities: 169,300; -1,400
- Business Services: 149,900; +300
- Restaurants & Hotels: 109,900; +1,000
- Construction, Mining: 72,100; +4,300
- Financial Services: 51,800; no change
- Manufacturing: 39,800; no change
- Other Jobs: 37,000; +100
- IT & Development: 10,200; -200
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.