It’s that time again for a monthly unemployment rate update. For the second month in a row unemployment is at 10.5% in Sacramento County (May 2012). As you can see in the graphs below, unemployment has been declining over the past year and is down from the peak of 13.2% in July 2010. It is important to keep in mind the unemployment rate dropped nearly an entire percentage point just a couple of months ago, so we’ll see in coming time if the rate around 10.5% is a blip or not.
By the way, the Sacramento Bee recently added an interactive unemployment map on their website. I recommend checking it out to see a visual history of unemployment in all counties throughout California over the past several years.
Have you been seeing small improvements in the job sector? I’d love to hear your two cents and any stories you might have.
All things considered, we are definitely not out of the woods yet as far as the local economy goes, but a decrease in the unemployment rate is a step in the right direction.
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