The United States Bureau of Labor Statistics has released some positive new numbers for the Sacramento area. Unemployment is down, economic growth is up, and the future is looking bright for the city of Sacramento.
What does this news mean for the city of Sacramento? Let’s take a closer look at the meanings behind these numbers.
Unemployment is Down Across the Region
In December 2014, unemployment in the Sacramento area (including El Dorado County, Placer County, Sacramento County, and Yolo County) was reported to be 6.3% on average. By December 2015, that number had dropped all the way to 5.5%.
That’s a 0.8% drop over one year. Unemployment rates for all across America were also down, although it only dropped from 5.4% to 4.8% – a change of 0.6%.