Unemployment is still high in Sacramento County despite a recent boost in property values

Here is your monthly unemployment update. We saw a percentage point decline in the unemployment rate over the past few months in Sacramento County, but the rate is now back up to 11.1% after two previous months at 10.5% (per EDD June 2012). Unemployment rates tend to go up and down each month, so it’s not a huge concern to see it jump back up again – especially since it had such a large decline a few months ago. The rate is still down from the high of 13.2% in July 2010, and the trend still appears to be declining, but we’re not out of the dark economic woods yet. While we are seeing improvement overall in unemployment figures and the housing market has been experiencing rising property values in portions of the market, let’s continue to keep things in perspective. We still have a way to go.

Any thoughts? What are you seeing in the job market out there? Is it any easier to find a job right now than it was 1-2 years ago?

Unemployment in Sacramento County through June 2012 - Sacramento Appraisal Blog

Unemployment in Sacramento County from January 1990 to June 2012 - by Sacramento Appraisal Blog

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