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 HeadlinesSun City Lincoln Hills Amphitheater Summer ConcertsLincoln, CA- South Placer's burgeoning music scene continues to add a dynamic and widening array of talent to the growing list of quality venues.
4 Arrrested in South Sac Triple HomicideSacramento County Sheriff’s Department Homicide Detectives have made four arrests in connection to the recent murder of three family members in South Sacramento.
Five Steps to Sell Your HomeRealtor, Julie Jalone of MagnumOne Realty in Roseville, gives five proven tips to help homeowners prepare their homes to be sold.
Supervisors Look to Next Year's Budget ChallengesAuburn, CA- Ahead of the county's submission June 7 of a draft budget for the next fiscal year, the board of supervisors considered expected funding needs and challenges.
PCWA Raises Credit Rating, Refinances DebtAUBURN, Calif. - The Placer County Water Agency (PCWA) announced that it has completed the refinancing of approximately $26 million of its debt.
PlacerGROWN Farmers' Markets Opening for Summer SeasonRoseville, CA- Four seasonal PlacerGROWN Farmers' Markets are opening for the 2016 summer season, providing a plethora of produce options for residents of Placer County
Roseville Flash Crime Report (5.3.16)Roseville, CA- Flash crime report digest summary update for Roseville, CA on May 2, 2016.
Chrysler 200: Improved and solid midsize sedanRoseville, CA- Looking to make a move upward and become more of a challenger to its competitors, the folks at Chrysler completely redesigned the Chrysler 200
Roseville Gas Prices Up and DownRoseville, CA- Gas prices in Roseville and the region have trended upward this past week. However, at some of low price leaders in Roseville
Creating More Inclusive Zoos and MuseumsNot long last week after featuring a 35-year-old man named "Tony" (a pseudonym), who became legally blind at birth due to retinopathy of prematurity (ROP),
Marijuana Cultivation Discussion at Roseville City Council MeetingRoseville, CA- At the May 4th Roseville City Council Meeting, representatives from Placer County will provide an opportunity for the public to provide input on Placer County's current efforts
Placer Land Trust Acquires 40 Acres along North Fork of American RiverPlacer Land Trust is very pleased to announce that in early April it acquired 40 acres of gorgeous land along the North Fork American River at the bottom of the Green Valley Trail.
NEWS: In Case You Missed It