Sacramento unemployment rate ticks upward, but region has recovered 100% of jobs lost during pandemic – Capital Public Radio News

by | Jul 25, 2022 | Jobs

There’s been a slight uptick in the Sacramento area unemployment rate.
The state’s Employment Development Department is reporting a half-point jump in the unemployment rate in June, 3.4%, which is up from 2.9% in May.
But it’s a major improvement over June 2021, when the unemployment rate was 7.2 percent.
Cara Welch, who is the Labor Market Consultant for the EDD, says the slight rise isn’t a jump in the big picture. “Currently, where we are is actually lower than what we were in 2019,” she said. “In 2019, pre-pandemic, the rate was 3.8%.”
All four counties in the region — Sacramento, El Dorado, Placer and Yolo — are below that pre-pandemic number. 
Sacramento County saw the highest unemployment rate of the four, at 3.6 percent, with Yolo at 3.4, El Dorado at 2.9 and Placer at 2.6.
“Jobs in our region have reached 1,061,900 jobs. So, we have recovered over 100% of the jobs we lost during the pandemic. And that is a new record high for our region in those job numbers,” Welch said.
Between May and June, leisure and hospitality, professional and business services, trade, transportation and utilities added 2,500 jobs in the four-county area. But those gains were offset by the loss of jobs in education and health services, government and financial services. 
June typically sees an increase in the jobless number as seasonal education jobs end with the school year.

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