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Jobless rate here one of lowest in state

A sharp drop in the unemployment rate last month gave Nevada County one of the lowest unemployment rates in the state.

Nevada County’s unemployment rate for August was 3.8 percent according to figures released Friday by the state Employment Development Department.

That was a 0.6 percent decline from 4.4 percent in July, but somewhat higher than August 2001, when unemployment stood at 3.2 percent.



The figures are not adjusted for seasonal effects.

The decline in the jobless percentage did vault Nevada County over its neighboring counties.




Nevada County was ranked fourth lowest for unemployment, tied with Napa and Amador counties.

By comparison, Placer County was ranked 12th lowest, El Dorado County was 10th lowest, Sacramento County was 21st lowest, and high-tech mecca Santa Clara County was a lowly 44th lowest.

Mary Mahoney, an EDD labor market consultant, said the unemployment rate drop was good news. While there was no particular economic sector in the county that was booming, the figures did indicate stability in Nevada County’s economy.

The number of jobs increased 1.5 percent from August to July, reaching 29,180, but still down 0.3 percent from last August.

Among the more active sectors of the economy, construction added an estimated 120 jobs and health services added 30 jobs.

California’s unemployment rate dropped to 6.2 percent in August from 6.7 percent in July. The U.S. Unemployment rate rose from 5.7 percent to 6 percent during the same period.


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