The additional 3,400 jobs added between the months of September and October of this year are certainly a good economic indicator that job growth is stronger than ever. According to the latest press release for the Sacramento region from the Employment Development Department of California, significant growth in payroll slots indicates a growing economy for much of Sacramento.
A large majority of the job growth came from government jobs (4,700 compared to last month), with 3,000 of those jobs from government educational services. Private education and health services also saw a boost of 1,200 jobs from September, with 700 of those jobs coming from health care and social assistance services. Construction is still very much a large part of job growth with financial activities, trade, transportation and utilities all gaining 600 jobs.
A large bright spot for this press release comes from the fact that since October of 2014 and 2015, total jobs in the region increased by 21,000 (2.3 percent), led by leisure and hospitality, trade, transportation and utilities, as well as professional and business services.
As far as unemployment goes, there was a slight uptick between September and October, rising from 5.1 percent to 5.5 percent. But overall, unemployment is still below the California average of 5.7 percent and slightly above the nation’s average of 5 percent.
And although the colder months of winter approach, that doesn’t mean construction has slowed much either, as a quick glance through some of the bigger construction jobs around Sacramento county continue to dominate headlines. Golden 1 Center, the new home of the Sacramento Kings, is on schedule to open next year with confirmed Maroon 5 as the first big act to grace downtown Sacramento. Just this past week, a $180 million multi purpose soccer stadium just crossed city council tables. Japanese electronics conglomerate, Toshiba, has big plans in Folsom with their newly acquired office and a mixued-use module project in Midtown, which saw significant growth in the past couple of days.
Paulo Acoba is a California native raised in the Bay Area and living in the Central Valley. He enjoys distance running, cycling and grassroots motorsports. He holds a degree in management from the University of California Merced. Paulo has been writing for Examiner.com since 2012 and covering the Fresno area.