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.
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesRocklin Flash Crime Report (7.29.16)Rocklin, CA- Weekly crime report update summary for Rocklin, covering the period of July 18 - 24, 2016.
22 Year Old Suspected in Rocklin Bank RobberyRocklin, CA- On July 25, 2016, the El Dorado Sheriff's Office arrested David Jarrell (age 22, from El Dorado Hills, Ca) for the robbery of the US Bank
Roseville Flash Crime Report (7.29.16)Roseville, CA- Crime report digest summary update for Roseville, covering the period of July 23-26, 2016.
Pediatric Dialysis Center Opens at UC Davis Children's HospitalUC Davis Children's Hospital recently opened a new pediatric dialysis center, where patients and their families will be trained on home-based peritoneal dialysis.
Marriage Insight from a Sports ColumnistLast column, I featured Paul Daugherty, nationally acclaimed Cincinnati Enquirer sports columnist, whose daughter Jillian was born with Down syndrome.
County Views Infrastructure Program as a Win-WinAUBURN, Calif. -- Community development and public works projects in Placer County will soon be cheaper and faster after the county board of supervisors voted unanimously
Real Estate: We Still Want to Own Our Home!Roseville, CA- Realtor, Julie Jalone of MagnumOne Realty in Roseville, writes about the recently released Housing Report from Harvard University.
Senior Softball Championship in Roseville and LincolnRoseville, CA - Senior Softball is heating up Placer Valley August 2-7 when the 16th Annual Western National Championships swings into Roseville and Lincoln.
Solitary Cellars 2014 Barbera WineRoseville, CA- What better way to start our new Wine Section than with a wine that is famously friendly in its ability to easily pair with a wide variety a foods.
Rachel Constantini named WJU's Interim Women's Soccer CoachROCKLIN, Calif. - William Jessup University Athletic Director Lance Von Vogt announced recently that Rachel Constantini will be taking over as Interim Head Women's Soccer Coach.
Let's Get Uncorked: Wine Review SectionRoseville, CA- Election Day is rapidly approaching and the time is ripe for serious discussion. In California, few things are as serious as wine.
Dead & Company: Perfect Dose of Party Unity Wheatland, CA- With 107 degrees in the forecast, it's going to be a hot show. Weather aside, Dead & Company continue racking up one incredible performance after another
NEWS: In Case You Missed It