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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.





Placer County News Headlines

Silversun Pickups Summer Tour with Third Eye BlindFollowing their upcoming BottleRock Napa Valley performance, this summer, Silversun Pickups will embark on a 30-date amphitheater tour opening for Third Eye Blind. The "Summer Gods" Tour celebrates Third Eye Blind's 20th anniversary

Garland Ranch Regional Park: Tranquility in Monterey CountyCarmel Valley, California - The "granddaddy" of the Monterey Peninsula Regional Park District, Garland Ranch is a fine elder statesman of parks.

Roseville Firefighters Union Blast City's Proposed Staffing CutsRoseville, Calif. - With rising temperatures and fire season upon us, city leaders in Roseville have proposed drastic staffing cuts to the Roseville Fire Department

Oak Creek BMX Track in Roseville Receiving an UpgradeRoseville, CA - Oak Creek BMX is currently undergoing a major track rebuild that was primarily funded by a $10,000 capital improvement grant from Placer Valley Tourism

Falls Event Center in Roseville to Host Align Capital Region Orientation(Roseville, CA) Launched earlier this year, Align Capital Region (ACR) brings together people, programs, and resources to achieve greater outcomes in education, workforce development, and community vitality

Hyatt Carmel Highlands, Extraordinary on the California CoastCarmel Highlands, CA - Hyatt Carmel Highlands, a century's long sentinel celebrates this year and looks to the future while standing guard at the gateway to all the grandeur that is Big Sur.

Homeowners Not MovingRealtor, Julie Jalone of MagnumOne Realty in Roseville, writes about one of the causes of low inventory of homes on the market and how interest rates are encouraging owners to stay in their home longer

Roseville Gas Prices Jump Higher before Memorial Day Weekend TravelRoseville, CA - Roseville area gas prices have jumped this past week pushing prices at the low prices leaders near the $2.70 per gallon mark

WJU Names New Jake McKinley as Baseball CoachROCKLIN, Calif. - Jake McKinley, who spent the last four years as a head baseball coach at Menlo College, has been named the William Jessup baseball head coach.

13 Tips to Help Prevent Skin CancerAuburn - Protecting your skin from the harmful rays of the sun is a simple way to help prevent the development of skin cancer.

PCWA Awards $70,000 in GrantsAUBURN, Calif. - The Placer County Water (PCWA) Agency Board of Directors awarded five grants totaling $70,345 to local public water purveyors...

Corey Harper Releases New Video, Ready for BottleRock Napa ValleyHailing from Portland, 21-year-old singer/songwriter Corey Harper premieres the music video for his new track "Favorite Part of Loving You" on Relix


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