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Placer County's Real Unemployment Rate?


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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.






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Placer County News Headlines

Roseville Financial Advisor Sentenced for Ripping Off ClientsMichelle Lee Kern, 36, who worked as a licensed financial advisor at Ameriprise Financial Services Inc. in Roseville has been sentenced to 46 months in prison.

Roseville, Rocklin among California's Best Cities for Home OwnershipIn a recent Nerd Wallet report, Rocklin, Folsom, and Roseville, rank 11th through 13th (respectively) among California's Best Cities for Homeownership.

Hidden Falls Regional Park Receives GrantPlacer County's "gem of the foothills," Hidden Falls Regional Park, is the recipient of a grant that will fund innovative projects protecting long-term ecological values and economic viability

Roseville Developer Begins Senior Community in Elk GroveUSA Properties Fund will hold a groundbreaking ceremony for Arbor Creek Senior Apartments at 10:30 a.m., Aug. 4, at the project site located at Elk Grove-Florin and Calvine roads

Rep. Tom McClintock Announces August Town Hall MeetingsRoseville, CA -- U.S. Rep. Tom McClintock (CA-04) has announced a series of town hall meetings in August.

Lincoln Man Serving Aboard the Navy's USS SomersetPetty Officer 1st Class Brian West, an aviation boatswain's mate from Lincoln, Calif. and 2003 graduate of Lincoln High School, is serving in the U.S. Navy aboard USS Somerset

California Would Create More Jobs Without Prop 30In his recent piece for The Sacramento Bee, "State's job growth defies predictions after tax increases," David Cay Johnston argues that California's recent job creation numbers prove

Sacramento County Opposes Bay Delta Conservation PlanThis week the Sacramento County Board of Supervisors formally submitted comments challenging the findings of the Bay Delta Conservation Plan (BDCP) state environmental

Roseville to Host Senior Softball Western National ChampionshipsRoseville will play host this August to the Senior Softball Western National Championships

Roseville Crime Report Digest Update (7.29.14)Roseville, CA - The Roseville Police Department weekly crime report digest update for July 29, 2014.

Different Standards From Mortgage LendersJulie Jalone of MagnumOne Realty in Roseville, reports on a recent Fannie Mae survey which indicates there may be a growing difference in credit standards between small and large lenders. Which do you think has the tighter credit standards? Check out Julie's article and find out.

PCWA Comments on Bay Delta Conservation PlanDrought Watch: PCWA expresses concern about future water supply reliability for Placer County and claims EIR fails to consider key issues.




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