Here are the most recent figures for unemployment in Sacramento County as of July 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP) for July 2009 (also compared with May and June 2009). Data for August 2009 has not yet been released (wait about one month for that).
As of July 2009, Sacramento County as a whole has an unemployment rate of 12.0% ( June was 11.6% and May 2009 was 11.1%). The State of California has an 11.9% unemployment rate (up from 11.6% in May & June 2009). I also posted data for Placer County HERE in case that is of interest to you.
What do you notice about the data below? Does anything stand out to you or surprise you?
Arden Arcade CDP 11.7% (June 2009 11.4%) (May 2009 was 10.8%)
Carmichael CDP 8.9% (June 2009 8.7%) ( May 2009 was 8.2%)
Citrus Heights city 8.5% (June 2009 8.3%) ( May 2009 was 7.8%)
Elk Grove CDP 9.8% (June 2009 9.6%) (May 2009 was 9.0%)
Fair Oaks CDP 6.7% (June 2009 6.6%) (May 2009 was 6.2%)
Florin CDP 17.9 (June 2009 17.6%) (May 2009 was 16.7%)
Folsom city 5.5% (June 2009 5.4%) (May 2009 was 5.1%)
Foothill Farms CDP 15.3% (June 2009 15.0%) (May 2009 was 14.2%)
Galt city 18.1% (June 2009 17.8%) (May 2009 was 16.9%)
Gold River CDP 2.0% (June 2009 2.0%) (May 2009 was 1.9%)
Isleton city 12.9% (June 2009 12.5%) (May 2009 was 11.8%)
La Riviera CDP 6.6% (June 2009 6.5%) (May 2009 was 6.1%)
Laguna CDP 6.2% (June 2009 6.1%) (May 2009 was 5.8%)
Laguna West Lakeside CDP 8.1% (June 2009 8.0%) (May 2009 was 7.5%)
North Highlands CDP 17.6% (June 2009 17.3%) (May 2009 was 16.4%)
Orangevale CDP 8.6% (June 2009 8.5%) (May 2009 was 8.0%)
Parkway South Sacramento CDP 20.0% (June 2009 19.7%) (May 2009 was 18.7%)
Rancho Cordova City 13.8% (June 2009 13.5%) (May 2009 was 12.8%)
Rancho Murieta CDP 3.7% (June 2009 3.7%) (May 2009 was 3.5%)
Rio Linda CDP 17.5% (June 2009 17.2%) (May 2009 was 16.3%)
Rosemont CDP 9.5% (June 2009 9.3%) (May 2009 was 8.8%)
Sacramento city 14.1% (June 2009 13.8%) (May 2009 was 13.1%)
Vineyard CDP 5.6% (June 2009 5.5%) (May 2009 was 5.2%)
Walnut Grove CDP 26.2% (June 2009 25.6%) (May 2009 was 24.5%)
Wilton CDP 7.4% (June 2009 7.2%) (May 2009 was 6.8%)
As you can see, the only city or CDP (Census Designated Place) above that was without an increase in overall unemployment numbers from June to July 2009 was Gold River. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.0%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 26.2%.
Let me know if you have any questions about the latest figures and how unemployment impacts the local real estate market. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com
www.SacramentoAppraisalBlog.com Unemployment Rates in Sacramento County Over the Past Three Months: May, June & July 2009