Placer County's Real Unemployment Rate?
Roseville, CA -- Locking down accurate unemployment rates is no easy task. The unemployment rate depends on where you look and who you ask.
According to the California EDD, Placer County's Unemployment Rate dropped to 7.1%, a steep drop from the recessionary peak of 11.9% in March of 2010. The City of Lincoln shows a 13% unemployment rate, which is more on par with neighboring Yuba County than the rest of Placer County. The Rocklin and Roseville Unemployment Rate is reported at 5.1% and 7.2%, respectively.
Those numbers get local officials cheering, but are the figures accurate?
Yes and No
- Yes, based on the select data inputs the EDD uses, they are accurate.
- No, if you utilize data points that are considered more inclusive.
The California EDD calculates civilian unemployment based on individuals who were not working but were able, available, and actively looking for work.
The U-6 Unemployment Rate, considered by many to be more reliable and alternative indicator is defined as total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.
The U-6 Unemployment rate for California is closer to 18% while the California EDD numbers show 8.5% unemployment.
The unemployment rate is simply pegged to different definitions and Placer County's actual unemployment rate is not always what is appears.
Print This Article
Placer County News HeadlinesBig DoG Countdown: Child Advocates of Placer CountyBig DoG Countdown: Learn how the Child Advocates of Placer County impacts your community.
Mitsubishi Outlander Sport: An Affordable Compact SUVWhen shopping for a Mitsubishi Outlander, note that there's quite a major difference between the "standard" Outlander and the Outlander Sport.
If the Government Takes Your Money Illegally, Shouldn't You Get it Back?Did you know, if the State of California takes your money in the form of an illegal tax or fee, you might not be able to get it back?
Loomis Soroptimist Club Celebrates 40 Years of ServiceSoroptimist International of Loomis Basin (SILB) celebrated its 40th Birthday with over 60 attendees on April 16 at Venita Rhea's in Rocklin, CA
Janette Moynier receives Community First Award In recognition of her outstanding volunteer spirit in 2013, First Bank's Janette Moynier received a First Bank CRA (Community Reinvestment Act) Community First Award.
New Kinesiology Program at William Jessup William Jessup University, the Sacramento area's only residential four-year private university, has selected Dr. Scott Roberts to serve as Lead Faculty to the growing university's new Kinesiology
West Nile Virus Season Begins in Placer CountyThe Placer Mosquito and Vector Control District (PMVCD) announces the official beginning of the season during West Nile virus and Mosquito and Vector Control Awareness
Big DoG Countdown: Sierra College FoundationBig DoG Countdown: Learn how the Sierra College Foundation impacts your community.
Disabilities: Luongo Has Miracle SurgeryOn Good Friday 2013, then 39-year-old Nicole Luongo of Plantation, Florida, took a step of faith. She'd had cerebral palsy since birth, had significant difficulty walking her entire life
Advice on Getting Through the DroughtDrought Watch: Linda Yager, who manages the PCWA's water efficiency program, says there are many available resources to help people save water. "Many people ask what they can do to save water," said Yager. "Here are some of the best ways to save
Surging Gas Prices Hurting ConsumersAverage retail gasoline prices in Sacramento have risen 7.3 cents per gallon in the past week, averaging $4.03/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento
Spring Band Invitational Concert April 23 in RocklinThe Sierra College Music Department is proud to present a Spring Band Invitational Concert on Wednesday, April 23rd, 7:30pm in Dietrich Theatre on the Sierra College Rocklin