Overall unemployment rate moved down to 2.9% with the biggest shift in Government, which gained 1,600 roles, based on the most recently available information published in June 2022.
Total employment in the Sacramento--Roseville--Arden-Arcade, CA market rose by 3,422 jobs in May and the unemployment rate decreased compared to the prior month by 40 bps to 2.9%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Sacramento--Roseville--Arden-Arcade, CA unemployment rate is 48 bps below the national rate which is a positive sign.
- Unemployment in the market is 360 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 6.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Government: 247,300; +1,600
- Education & Healthcare: 176,700; +1,600
- Transportation & Utilities: 168,300; -100
- Business Services: 140,400; -300
- Restaurants & Hotels: 104,400; +700
- Construction, Mining: 78,600; +400
- Financial Services: 51,900; -200
- Manufacturing: 38,100; +300
- Other Jobs: 35,200; no change
- IT & Development: 10,300; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.