Sacramento Area Unemployment- Wer’e In For A Long Economic Fight…
June 7th, 2009 Categories: Real Estate News, Sacramento Economy, Sacramento Landmarks, Sacramento Real Estate
Upcoming Cuts in Sacramento area government jobs, including State and County services, will surely affect the Sacramento real estate market.
With the state of California about to start a round of massive layoffs beginning with about 6,000 employees in the next month, the Sacramento job pool is surely going to shrink. The Capital region is home to many state offices who will be affected by the job cuts. Also struggling with the economy; Sacramento area Police Forces, road workers, firemen, teachers…
- The Sacramento sheriffs Department will be sending out layoff notices next week to 370 employees.
- More than 900 Sacramento County employees would be laid off under the proposed fiscal year 2009-10 budget county officials were scheduled to release late Friday.
- Sacramento city leaders have sent layoff notices to 168 employees to help deal with a $50 million budget deficit.
- Sacramento City Unified’s school board recently cut 137 teaching positions, saving $4 million by increasing classes from 20 to 24 students per teacher for kindergarten through third grade.
The Sacramento area, four-county region’s jobless rate dropped to around 11 percent last month, compared to a modern-day record 11.4 in March, ending 11 consecutive months of rising unemployment. The drop in unemployment was surely boosted by the California state government actually adding 500 jobs last month.
Why would they do that?
Depending on whose numbers you use, we lost as a state, around 63,000–64,000 Jobs in California last month. This summer’s numbers won’t be so good…
The national economy lost 345,000 jobs in May, taking the total to 14.5 million unemployed workers. The state has lost 706,700 jobs during the past year, the most in the nation. Almost 2.06 million people are unemployed, about 35,000 fewer than a month ago.
