Home Front

A blog about the economy and the Sacramento-area real estate market.

April 16, 2010
Jobs rebound, but California unemployment at 12.6 percent

California's unemployment inched up to 12.6 percent last month even though the state added 4,200 jobs, the federal government reported today.

The numbers from the Employment Development Department are further evidence of the economy beginning to stir.

It's not unusual for the unemployment rate to keep rising because some unemployed workers, encouraged by the news that employers are hiring, resume their job searches. Because there aren't enough new jobs to go around, these workers are counted among the unemployed again.

Still, this marked the third straight month that California has added jobs.  So far this year the state has gained a total of 32,400. The unemployment rate was 12.5 percent in February.

A similar phenomenon took place last month in Sacramento. The region enjoyed job growth but unemployment shot up past 13 percent again, landing at 13.1 percent. Taht was two-tenths of a percent higher than in February.

The area added 3,400 jobs in March. Construction added 1,100 jobs - slightly higher than usual.

 

 

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