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 HeadlinesScion FR-S an affordable sports carThere's nothing too fancy about the 2016 Scion FR-S. It's essentially the type of back-to-basics sports car that people have loved for decades.
Should Breen Elementary Principal in Rocklin Resign?Rocklin, CA - The Rocklin Unified School District's tarnished reputation takes another major hit. This time in the form of a $2.5 million insurance settlement
Roseville Crime Report Digest Update (9.4.15)Roseville, CA - Weekly crime report digest update summary for Roseville, September 4, 2015.
John Adams Academy Hosts Ceremony at Roseville CampusROSEVILLE, CA - Local elected officials, community leaders, personnel and scholars from John Adams Academy (JAA) charter school gathered this morning in celebration of the official
Buying a Home: 5 Steps to SuccessReal Estate Watch:Almost all potential home buyers are concerned about, what for most is, the largest purchase of a lifetime and going into debt for 30-years.
Top Five Tax Traps Small Business Owners Need to AvoidAs Vice Chair of the California State Board of Equalization (BOE), I regularly hear from small business owners who are caught off guard by tax liabilities
Rocklin Weekly Crime Brief Summary (9.3.15)Weekly Rocklin crime report brief summary covering the period of August 24-30, 2015.
Workshops in Auburn to Focus on Alzheimer's and DementiaSeniors First, a Placer County non-profit organization focused on providing programs and services for our area's elderly, will once again sponsor two upcoming workshops
Roseville Accepting Nominations for Sylvia Besana Community Volunteer AwardRoseville, CA - The Sylvia Besana Community Volunteer Award is a tribute to Sylvia Besana and her legacy of service
Rocklin Student Helps Lead Cal PolyRocklin Student Helps Lead Cal Poly Transportation Chapter to Top Spot in Nation
Roseville Man Arrested on Sexual Battery ChargeDetectives arrested Quin Wilde Mack, age 38 of Roseville, on suspicion of sexual battery
Managing Alzheimer's Behaviors Lecture Coming Up"Alzheimer's behaviors: How do I manage them?" will be the subject of the next UC Davis Alzheimer's Disease Center Community Discovery Lecture Series
NEWS: In Case You Missed It