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Jobless rate plunges in Sacramento and California
Sacramento Bee ^ | June 22, 2013 | by Mark Glover

Posted on 06/22/2013 4:06:09 AM PDT by Oldeconomybuyer

The unemployment rate in Sacramento and California registered a significant drop in May for the second consecutive month, but analysts cautioned that the steadily improving numbers conceal a large number of people who are working in low-wage jobs or who are no longer firmly attached to the workforce.

The Sacramento area jobless rate fell to 7.8 percent in May, down from a revised 8.2 percent in April, according to statistics released Friday by the state Employment Development Department.

The statewide jobless rate dipped to 8.6 percent last month, down from 9 percent in April, 9.4 percent in March and 10.7 percent a year earlier.

(Excerpt) Read more at sacbee.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: California
KEYWORDS: employment; lofan; sacramento; unemploymentrate

1 posted on 06/22/2013 4:06:09 AM PDT by Oldeconomybuyer
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Oldeconomybuyer.
...conceal a large number of people who are working in low-wage jobs or who are no longer firmly attached to the workforce.

2 posted on 06/22/2013 4:17:25 AM PDT by SunkenCiv (McCain or Romney would have been worse, if you're a dumb ass.)
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To: Oldeconomybuyer

There are still job seekers living in California?


3 posted on 06/22/2013 4:21:48 AM PDT by clearcarbon
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To: Oldeconomybuyer

People exhausted their benefits, so they didn’t file for unemployment and the unemployment rate drops dramatically! Voila! An 0bama recovery!


4 posted on 06/22/2013 4:30:23 AM PDT by 21st Century Crusader
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To: Oldeconomybuyer

Lies! People are falling off the rolls because they have expended the benefits and/or are now claiming disability which also takes them off the rolls.


5 posted on 06/22/2013 4:31:48 AM PDT by 3Fingas (Sons and Daughters of Freedom, Committee of Correspondence)
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To: Oldeconomybuyer

Actual headline: The Government Disappears Millions of Jobs and a Corresponding Number of Workers - Unemployment Down.


6 posted on 06/22/2013 4:44:59 AM PDT by trebb (Where in the the hell has my country gone?)
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To: 21st Century Crusader

Unemployment benefits are not how they calculate the unemployment rate.


7 posted on 06/22/2013 4:46:21 AM PDT by autumnraine (America how long will you be so deaf and dumb to thoe tumbril wheels carrying you to the guillotine?)
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To: 3Fingas

High numbers on disability will affect the unemployment rate because they are no longer counted in labor pool. Same for early retirees.


8 posted on 06/22/2013 4:47:15 AM PDT by autumnraine (America how long will you be so deaf and dumb to thoe tumbril wheels carrying you to the guillotine?)
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To: Oldeconomybuyer
This statistic makes sense. There are approx. 500 people leaving CA every day (ref. Manhattan Institute).

5.56mm

9 posted on 06/22/2013 4:54:29 AM PDT by M Kehoe
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To: Oldeconomybuyer

The job market is booming in Silicon Valley. We have a lot of open reqs at my company and we can’t find good candidates. My son just graduated with a business degree and one or two companies are finding him on LinkedIn every day and asking him to interview for entry-level positions. One of his closest friends just graduated with a computer science degree and converted his internship at Apple into a full-time job with an outstanding salary. If you can put up with the impossible cost of living, give up ever owning a home, and can tolerate living in liberal la-la land, there’s a huge amount of work here. (our town starts its ban on shopping bags next week — you’re supposed to bring your own or pay a dime each for regular old brown paper shopping bags).


10 posted on 06/22/2013 4:58:09 AM PDT by ProtectOurFreedom
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To: autumnraine

Yeah, that’s what I was saying.

We have more than 10 million people now on disability nationally. We have increased from 8 to 10 million in the last few years since I have been paying attention to that number. I am sure that some of that increase can be accounted for in the “graying” of our population. However, a good chunk of it is people just taking advantage of the system and liberal Obama appointees doing what they can to encourage the dependency state. They kill two birds with one stone. They create more potential dem voters and decrease official unemployment stats.

So, all these employment stats are lies, just like almost everything claimed by this administration.


11 posted on 06/22/2013 5:27:16 AM PDT by 3Fingas (Sons and Daughters of Freedom, Committee of Correspondence)
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To: Oldeconomybuyer

California tax revenues are increasing. People don’t volunteer to pay more taxes. It comes from increased income, usually.

This is the measure I look at.


12 posted on 06/22/2013 6:14:05 AM PDT by cicero2k
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To: Oldeconomybuyer

Gee. Employment is up in the state capitol, Sacramento. And the Washington, D.C. area is booming. What do they have in common?


13 posted on 06/22/2013 6:17:42 AM PDT by informavoracious (We're being "punished" with Stanley Ann's baby. Obamacare: shovel-ready healthcare.)
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To: clearcarbon

Just the Mexicans.


14 posted on 06/22/2013 6:35:14 AM PDT by Vaduz
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To: Oldeconomybuyer

If there is any truth to this report, it must be that people are taking part-time employment, even two part-time jobs because there is nothing else.

Is part-time employment considered “employment”?


15 posted on 06/22/2013 6:50:14 AM PDT by rusty schucklefurd
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To: rusty schucklefurd

Yes, it is counted as a job, same as a full time job.
Two part time jobs is counted as two jobs.


16 posted on 06/22/2013 6:53:46 AM PDT by Lorianne (fedgov, taxporkmoney)
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To: rusty schucklefurd
Is part-time employment considered “employment”?.

Most definitely.

And as more "29ers" are created every day to avoid paying Obamacare benefits, the statistical unemployment ranks will fall.

17 posted on 06/22/2013 6:54:15 AM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: Oldeconomybuyer

Oh good now they can increase the benefits for government workers and start spending again! WHEW, that was hard. I know, now they can raise taxes because everything is normal again.


18 posted on 06/22/2013 7:01:14 AM PDT by McGavin999
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To: rusty schucklefurd

My neighbor is a geologist and has been out of steady work for several years. He just got a job at Lowe’s. His wife also took a part time job.


19 posted on 06/22/2013 7:04:39 AM PDT by TheDon (Inside Every Liberal is a Totalitarian Screaming to Get Out.)
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To: cicero2k

Didn’t CA recently raise taxes and fees?


20 posted on 06/22/2013 7:16:03 AM PDT by EricT. (Let me know when you've got a few million citizens ready for an armed march on D.C.)
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To: cicero2k

Some of that is capital gains. A few more weeks like this one in the stock market and things won’t be so rosy.


21 posted on 06/22/2013 7:23:22 AM PDT by Rusty0604
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To: autumnraine

Well they always announce first time filers for unemployment benefits, and the unemployment rate is a bunch of hocus pocus, because those that give up looking are not counted as unemployed.


22 posted on 06/22/2013 6:37:38 PM PDT by 21st Century Crusader
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To: 21st Century Crusader

Yes, they flag the filers, but that still doesn’t have much of anything to do with the ‘unemployment rate’, just another stupid statistic to make themselves look better. (or worse, which will never make the news)


23 posted on 06/22/2013 7:22:56 PM PDT by autumnraine (America how long will you be so deaf and dumb to thoe tumbril wheels carrying you to the guillotine?)
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