Unemployment

You are currently browsing the archive for the Unemployment category.

Unemployment Rates in El Dorado County & San Joaquin County

December 7, 2009 in Unemployment | 1 comment

What are the latest unemployment figures for San Joaquin County and El Dorado County? Below you will find the latest rates for all cities and CDPs from October 2009 based on information provided by EDD. Unemployment rates for Sacramento County & Placer County, and Yolo County, Solano County & Merced County are also available. These are all areas I appraise in, so I keep a close eye on unemployment each month.

It’s interesting to hear so much on the news about how the economy is improving, yet one glance at unemployment seems to indicate that things are not so hot. Or is that just me?

El Dorado San Joaquin County Unemployment October 2009 Lundquist Appraisal Company

www.lundquistcompany.com/blog Unemployment Rates in El Dorado County & San Joaquin County

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , , , ,

Unemployment Rates in Yolo County, Solano County & Merced County: October 2009

December 7, 2009 in Unemployment | No comments

What are the latest unemployment figures for Yolo County, Solano County and Merced County? Below you will find the latest rates for all cities and CDPs from October 2009 based on information provided by EDD. Unemployment rates for Sacramento County & Placer County, and San Joaquin & El Dorado County are also available. These are all areas I appraise in, so I keep a close eye on unemployment each month.

What do you see? Does anything stand out to you or surprise you? There are some fairly high levels of unemployment in each county, aren’t there, particularly Merced County?

Yolo Solano Merced County Unemployment October 2009 Lundquist Appraisal Company

www.lundquistcompany.com/blog Unemployment Rates in Yolo County, Solano County & Merced County: October 2009

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , , , , ,

October 2009 Unemployment Rates in Sacramento & Placer County

December 4, 2009 in Unemployment | 2 comments

Quick data. Here are unemployment rates for all cities and CDPs in Sacramento County and Placer County for October 2009. This data is based upon information provided by EDD. Unemployment rates for San Joaquin County & El Dorado County, and Yolo County, Solano County & Merced County are also available. These are all areas I appraise in, so I keep a close eye on unemployment each month.

What do you see? Does anything stand out to you or surprise you?  

October 2009 Unemployment in Sacramento County

October 2009 Unemployment in Placer County

www.lundquistcompany.com/blog October 2009 Unemployment Rates in Sacramento & Placer County

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , , ,

Comparing Five Months of Unemployment Rates in Sacramento County

October 26, 2009 in Unemployment | 1 comment

309What’s been happening with Sacramento County unemployment rates over the past five months? Below are the most recent figures for unemployment per the Employment Development Department. The rates encompass both cities and Census Designated Places (CDP) in Sacramento County from May through September 2009. Data for October 2009 has not yet been released (wait until the third week of November for that). 

As of September 2009, Sacramento County as a whole has an unemployment rate of 12.2% (August was 12.3%, July was 12.0%, June was 11.6% and May was 11.1%). What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.8% (August 11.9%, July 11.7%, June 11.4%, May 10.8%)

Carmichael CDP  9.0%, (August 9.1%, July 8.9%, June 8.7%, May was 8.2%)

Citrus Heights city  8.6% (August 8.6%, July 8.5%  June 8.3%, May 7.8%)

Elk Grove CDP  9.9% (August 10.0%, July 9.8%, June 9.6%, May 9.0%)

Fair Oaks CDP  6.8% (August 6.8%, July 6.7% , June 6.6%, May 6.2%)

Florin CDP  18.1% (August 18.2%, July 17.9  June 17.6%, May 16.7%)

Folsom city  5.6% (August 5.6%, July 5.5%, June 5.4%, May 5.1%)

Foothill Farms CDP  15.5% (August 15.6%, July 15.3%, June 15.0%, May 14.2%)

Galt city  18.3% (August 18.4%, July 18.1% , June 17.8%, May 16.9%)

Gold River CDP  2.1% (August 2.1%, July 2.0%, June 2.0%, May 1.9%)

Isleton city  13.0% (August 13.2%, July 12.9%, June 12.5%, May 11.8%)

La Riviera CDP  6.7% (August 6.7%, July 6.6%, June 6.5%, (May 6.1%)

Laguna CDP  6.3% (August 6.4%, July 6.2%, June 6.1%, May 5.8%)

Laguna West Lakeside CDP  8.2% (August 8.3%, July 8.1%, June 8.0%, May 7.5%)

North Highlands CDP  17.8% (August 18.0%, July 17.6%, June 17.3%, May 16.4%)

Orangevale CDP  8.7% (August 8.8%, July 8.6%, June 8.5%, May 8.0%)

Parkway South Sacramento CDP  20.2% (August 20.4%, July 20.0%, June 19.7%, May 18.7%)

Rancho Cordova City  13.9% (August 14.0%, July 13.8%, June 13.5%, May 12.8%)

Rancho Murieta CDP  3.8% (August 3.8%, July 3.7%, June 3.7%, May 3.5%)

Rio Linda CDP  17.7% (August 17.8%, July 17.5%, June 17.2%, May 16.3%)

Rosemont CDP  9.6% (August 9.7%, July 9.5%, June 9.3%, May 8.8%)

Sacramento city  14.2% (August 14.3%, July 14.1%, June 13.8%, May 13.1%)

Vineyard CDP  5.7% (August 5.7%, July 5.6%, June 5.5%, May 5.2%)

Walnut Grove CDP  26.5% (August 26.5%, July 26.2%, June 25.6%, May 24.5%)

Wilton CDP  7.5% (August 7.5%, July 7.4% , June 7.2%, May 6.8%)

Every single category above, whether city or CDP, either remained the same from August to September 2009 or saw a slight decrease in unemployment rate. There was no increase in unemployment rate in any area of Sacramento County from August to September 2009. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.1%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 26.5%.

Let me know if you have any questions about the latest figures. You are welcome to call 916-595-3735 or email ryan@lundquistcompany.com.

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , ,

Comparing Four Months of Unemployment Rates in Sacramento County: May-August 2009

October 7, 2009 in Sacramento, Unemployment | No comments

022008ins 009aWhat’s been happening with Sacramento County unemployment rates over the past several months? Below are the most recent figures for unemployment during the most recent four months per the Employment Development Department. The rates encompass both cities and Census Designated Places (CDP) in Sacramento County from May through August 2009. Data for September 2009 has not yet been released (wait about two more weeks for that). 

As of August 2009, Sacramento County as a whole has an unemployment rate of 12.3% ( July was 12.0%, June was 11.6% and May was 11.1%). What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.9%  (July 11.7%, June 11.4%, May 10.8%)

Carmichael CDP  9.1%  ( July 8.9%, June 8.7%, May was 8.2%)

Citrus Heights city  8.6%  (July 8.5%  June 8.3%, May 7.8%)

Elk Grove CDP  10.0%  (July 9.8%, June 9.6%, May 9.0%)

Fair Oaks CDP  6.8%  (July 6.7% , June 6.6%, May 6.2%)

Florin CDP  18.2%  (July 17.9  June 17.6%, May 16.7%)

Folsom city  5.6%  (July 5.5%, June 5.4%, May 5.1%)

Foothill Farms CDP  15.6%  (July 15.3%, June 15.0%, May 14.2%)

Galt city  18.4%  (July 18.1% , June 17.8%, May 16.9%)

Gold River CDP  2.1%  (July 2.0%, June 2.0%, May 1.9%)

Isleton city  13.2%  (July 12.9%, June 12.5%, May 11.8%)

La Riviera CDP  6.7%  (July 6.6%, June 6.5%, (May 6.1%)

Laguna CDP  6.4%  (July 6.2%, June 6.1%, May 5.8%)

Laguna West Lakeside CDP  8.3%  (July 8.1%, June 8.0%, May 7.5%)

North Highlands CDP  18.0%  (July 17.6%, June 17.3%, May 16.4%)

Orangevale CDP  8.8%  (July 8.6%, June 8.5%, May 8.0%)

Parkway South Sacramento CDP  20.4%  (July 20.0%, June 19.7%, May 18.7%)

Rancho Cordova City  14.0%  (July 13.8%, June 13.5%, May 12.8%)

Rancho Murieta CDP  3.8%  (July 3.7%, June 3.7%, May 3.5%)

Rio Linda CDP  17.8%  (July 17.5%, June 17.2%, May 16.3%)

Rosemont CDP  9.7%  (July 9.5%, June 9.3%, May 8.8%)

Sacramento city  14.3%  (July 14.1%, June 13.8%, May 13.1%)

Vineyard CDP  5.7%  (July 5.6%, June 5.5%, May 5.2%)

Walnut Grove CDP  26.5%  (July 26.2%, June 25.6%, May 24.5%)

Wilton CDP  7.5%  (July 7.4% , June 7.2%, May 6.8%)

Every single category above, whether city or CDP, saw an increase in unemployment from July 2009 to August 2009. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.1%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 26.5%.

Let me know if you have any questions about the latest figures. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com

http://www.lundquistcompany.com/blog Comparing Four Months of Unemployment Rates in Sacramento County: May-August 2009

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , , , , , ,

What is the relationship between home prices and unemployment? A look at Rancho Cordova

September 30, 2009 in Market Trends, Rancho Cordova, Unemployment | 1 comment

I thought it would be interesting to take a look at Rancho Cordova sales over the past several years and simulataneously check out unemployment rates during that same time period. Is there a relationship between unemployment and the value of real estate? Generally speaking, the higher the unemployment rate, there is a good chance of lower home prices because the probability of buyers being able to purchase houses at higher prices decreases.

The trend graph below records all single family detached sales in the city of Rancho Cordova through Sacramento Area Metrolist. The unemployment figures are based on data provided by EDD. What do you see in the graph? Does anything stand out to you or surprise you about the sales (blue dots) or listed unemployment rate?

Rancho Cordova Sales and Unemployment Rates September 2006 to September 2009

Below is a view of the past 12 months of sales. As can be seen, the unemployment rate has risen sharply over the past year. It looks like overall the top of the market has seen a decline in property values. At first glance, when viewing a graph like this, it’s easy to gloss over the details, but when looking closely, it’s clear that there are less sales at higher levels over the past months, aren’t there? More specifically, there are few sales above the $400,000 level over the past 180 days.

Rancho Cordova Sales September 2009 and Unemployment Rate by Lundquist Appraisal Company

I don’t want to be misleading in any way by indicating that unemployment is the sole determining factor for property values. That’s not what I am saying. I think there is a relationship between unemployment and the housing market, but that unemployment is only one of the factors involved. This point is illustrated perfectly by a current phenomenon in many sub-markets in the Sacramento Region. Bidding wars, multiple offers, and higher prices have become more commonplace for certain price levels. Despite unemployment rising, the lower supply of housing inventory over the past months has really helped to fuel this phenomenon because there has been more willing buyers than available houses (and prices are very attractive too because of how far they have come down from several years ago). Other factors to consider that may impact the real estate market are supply and demand, governmental regulations, interest rates, consumer confidence in the economy, etc…

Please let me know if you have any questions. You can call me at 916-595-3735 or contact me at ryan@lundquistcompany.com.

http://www.lundquistcompany.com/blog A Look at Home Sales & Unemployment in Rancho Cordova

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , , , , ,

San Joaquin & Solano County: Unemployment Rates for July 2009

August 25, 2009 in Unemployment | No comments

I was running some data today in various counties and wanted to share a bit here. The figures below are based upon information provided by the Employment Development Department. Since I do appraisals in multiple counties surrounding the Sacramento Region, it is very important for me to know understand real estate markets as well as possible. In appraisal jargon, knowing a local market is called ”geographic competency”.

In my mind, part of being in touch with a local market is to keep tabs on unemployment. Could the unemployment rate for a city be an indicator of the overall health of a local community sometimes? Or could rising unemployment impact housing prices and values? What else can unemployment rates tell us? What do you think?

July 2009 Unemployment in San Joaquin County:seal

  • Stockton:  19.2%
  • Lathrop:  11.3%
  • French Camp:  48.7%
  • Manteca:  14.0%
  • Ripon:  9.6%
  • Tracy:  10.1%
  • San Joaquin County Overall Unemployment Rate:  16.0%

solano_countyJuly 2009 Unemployment in Solano County:

  • Dixon:  9.2%
  • Fairfield:  12.6%
  • Green Valley CDP:  10.5%
  • Suisun City:  11.9%
  • Vacaville:  8.6%
  • Vallejo:  14.2%
  • Solano County Overall Unemployment Rate:  11.5%

Please let me know if you have any questions about the data above or any other cities or Census Designated Places that were not listed above. The lists are not exhaustive for every city and CDP in the respective counties. You are welcome to contact me at 916-595-3735 or info@lundquistcompany.com.

http://www.lundquistcompany.com/blog  San Joaquin County Hits 15% Unemployment Rate for May 2009

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , ,

Unemployment Rates in Placer County Over the Past Three Months: May, June & July 2009

August 24, 2009 in Unemployment | 1 comment

EDD_logo2Here are the most recent figures for unemployment in Placer County as of July 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP). Placer County as a whole has an unemployment rate of 11.4% (11.4% in June 2009 and 10.9% in May 2009). For reference, Sacramento County’s July unemployment rate is 12.0% (11.6% in June 2009 and 11.1% in May 2009).

It’s interesting to note that while the unemployment rate in Placer County went up in every city and CDP from May to June 2009, we see that 10 of 14 cities/places below had no change at all from June 2009 to July 2009. I also posted some data for Sacramento County HERE. 

Auburn city  9.5%  (June 2009 9.4%)  (9.0% in May 2009)

Colfax city  15.2%  (June 2009 15.2%)  (14.5% in May 2009)

Dollar Point CDP  13.5%  (June 2009 13.5%)  (12.9% in May 2009)

Foresthill CDP  17.4%  (June 2009 17.3%)  (16.7% in May 2009)

Granite Bay CDP  7.7%  (June 2009 7.7%)  (7.3% in May 2009)

Kings Beach CDP  11.2%  (June 2009 11.1%)  (10.6% in May 2009)

Lincoln city  20.1%  (June 2009 20.0%)  (19.3% in May 2009)

Loomis town  7.2%  (June 2009 7.2%)  (6.9% in May 2009)

Meadow Vista CDP  11.0%  (June 2009 11.0%)  (10.5% in May 2009)

North Auburn CDP  14.6%  (June 2009 14.6%)  (14.0% in May 2009)

Rocklin city  7.9%  (June 2009 7.9%)  (7.5% in May 2009)

Roseville city  11.4%  (June 2009 11.4%)  (10.9% in May 2009)

Sunnyside Tahoe City CDP  11.5%  (June 2009 11.5%)  (11.0% in May 2009)

Tahoe Vista CDP  17.8%  (June 2009 17.8%)  (17.1% in May 2009)

Feel free to give me a call at 916-595-3735 or shoot me an email at info@lundquistcompany.com if you have any questions about the figures above, the impact of unemployment on the real estate market or any potential real estate appraisal needs. Figures for August 2009 have not yet been released by EDD, but I’ll put up another post very soon when the data becomes available.  

http://www.lundquistcompany.com/blog  Unemployment Rates in Placer County Over the Past Three Months: May 2009, June 2009 & July 2009

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , ,

Unemployment Rates in Sacramento County Over the Past Three Months: May, June & July 2009

August 24, 2009 in Sacramento, Unemployment | 1 comment

edd_logoHere are the most recent figures for unemployment in Sacramento County as of July 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP) for July 2009 (also compared with May and June 2009). Data for August 2009 has not yet been released (wait about one month for that). 

As of July 2009, Sacramento County as a whole has an unemployment rate of 12.0% ( June was 11.6% and May 2009 was 11.1%). The State of California has an 11.9% unemployment rate (up from 11.6% in May & June 2009). I also posted data for Placer County HERE in case that is of interest to you.

What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.7%  (June 2009 11.4%)  (May 2009 was 10.8%)

Carmichael CDP  8.9%  (June 2009 8.7%)  ( May 2009 was 8.2%)

Citrus Heights city  8.5%  (June 2009 8.3%)  ( May 2009 was 7.8%)

Elk Grove CDP  9.8%  (June 2009 9.6%)  (May 2009 was 9.0%)

Fair Oaks CDP  6.7%  (June 2009 6.6%)  (May 2009 was 6.2%)

Florin CDP  17.9  (June 2009 17.6%)  (May 2009 was 16.7%)

Folsom city  5.5%  (June 2009 5.4%)  (May 2009 was 5.1%)

Foothill Farms CDP  15.3%  (June 2009 15.0%)  (May 2009 was 14.2%)

Galt city  18.1%  (June 2009 17.8%)  (May 2009 was 16.9%)

Gold River CDP  2.0%  (June 2009 2.0%)  (May 2009 was 1.9%)

Isleton city  12.9%  (June 2009 12.5%)  (May 2009 was 11.8%)

La Riviera CDP  6.6%  (June 2009 6.5%)  (May 2009 was 6.1%)

Laguna CDP  6.2%  (June 2009 6.1%)  (May 2009 was 5.8%)

Laguna West Lakeside CDP  8.1%  (June 2009 8.0%)  (May 2009 was 7.5%)

North Highlands CDP  17.6%  (June 2009 17.3%)  (May 2009 was 16.4%)

Orangevale CDP  8.6%  (June 2009 8.5%)  (May 2009 was 8.0%)

Parkway South Sacramento CDP  20.0%  (June 2009 19.7%)  (May 2009 was 18.7%)

Rancho Cordova City  13.8%  (June 2009 13.5%)  (May 2009 was 12.8%)

Rancho Murieta CDP  3.7%  (June 2009 3.7%)  (May 2009 was 3.5%)

Rio Linda CDP  17.5%  (June 2009 17.2%)  (May 2009 was 16.3%)

Rosemont CDP  9.5%  (June 2009 9.3%)  (May 2009 was 8.8%)

Sacramento city  14.1%  (June 2009 13.8%)  (May 2009 was 13.1%)

Vineyard CDP  5.6%  (June 2009 5.5%)  (May 2009 was 5.2%)

Walnut Grove CDP  26.2%  (June 2009 25.6%)  (May 2009 was 24.5%)

Wilton CDP  7.4%  (June 2009 7.2%)  (May 2009 was 6.8%)

As you can see, the only city or CDP (Census Designated Place) above that was without an increase in overall unemployment numbers from June to July 2009 was Gold River. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.0%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 26.2%.

Let me know if you have any questions about the latest figures and how unemployment impacts the local real estate market. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com

http://www.lundquistcompany.com/blog  Unemployment Rates in Sacramento County Over the Past Three Months: May, June & July 2009

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , ,

Unemployment Rates in Placer County: June 2009

August 21, 2009 in Unemployment | No comments

Placer County Unemployment Rate June 2009 - Lundquist Appraisal BlogHere are the most recent figures for unemployment in Placer County as of June 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP). Placer County as a whole has an unemployment rate of 11.4% (10.9% in May 2009). For reference Sacramento County’s June unemployment rate is 11.8% (11.1% in May 2009).

It’s interesting to note that the unemployment rate in Placer County went up in every city and CDP from May to June 2009. This same phenonmenon was seen in Sacramento data.

Auburn city        9.4%  (9.0% in May 2009)

Colfax city         15.2%  (14.5% in May 2009)

Dollar Point CDP         13.5%  (12.9% in May 2009)

Foresthill CDP     17.3%  (16.7% in May 2009)

Granite Bay CDP        7.7%  (7.3% in May 2009)

Kings Beach CDP       11.1%  (10.6% in May 2009)

Lincoln city       20.0%  (19.3% in May 2009)

Loomis town      7.2%  (6.9% in May 2009)

Meadow Vista CDP        11.0%  (10.5% in May 2009)

North Auburn CDP         14.6%  (14.0% in May 2009)

Rocklin city       7.9%  (7.5% in May 2009)

Roseville city     11.4%  (10.9% in May 2009)

Sunnyside Tahoe City CDP         11.5%  (11.0% in May 2009)

Tahoe Vista CDP        17.8%  (17.1% in May 2009)

Feel free to give me a call at 916-595-3735 or shoot me an email at info@lundquistcompany.com if you have any questions about the figures above, the impact of unemployment on the real estate market or any potential real estate appraisal needs. Figures for July 2009 have not yet been released by EDD, but I’ll put up another post very soon when the data becomes available.  

http://www.lundquistcompany.com/blog  Unemployment Rates in Placer County: June 2009

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , ,

Unemployment Rates in Sacramento County for June 2009

August 11, 2009 in Sacramento, Unemployment | 1 comment

Sacramento-CountyHere are the most recent figures for unemployment in Sacramento County as of June 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP) for June 2009 (also compared with May 2009). Data for July 2009 has not yet been released. 

As of June 2009, Sacramento County as a whole has an unemployment rate of 11.8% ( May 2009 was 11.1%). The State of California has an 11.6% unemployment rate (unchanged from May 2009).

What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.4%  (May 2009 was 10.8%)

Carmichael CDP  8.7%  ( May 2009 was 8.2%)

Citrus Heights city  8.3%  ( May 2009 was 7.8%)

Elk Grove CDP  9.6%  (May 2009 was 9.0%)

Fair Oaks CDP  6.6%  (May 2009 was 6.2%)

Florin CDP  17.6%  (May 2009 was 16.7%)

Folsom city  5.4%  (May 2009 was 5.1%)

Foothill Farms CDP  15.0%  (May 2009 was 14.2%)

Galt city  17.8%  (May 2009 was 16.9%)

Gold River CDP  2.0%  (May 2009 was 1.9%)

Isleton city  12.5%  (May 2009 was 11.8%)

La Riviera CDP  6.5%  (May 2009 was 6.1%)

Laguna CDP  6.1%  (May 2009 was 5.8%)

Laguna West Lakeside CDP  8.0%  (May 2009 was 7.5%)

North Highlands CDP  17.3%  (May 2009 was 16.4%)

Orangevale CDP  8.5%  (May 2009 was 8.0%)

Parkway South Sacramento CDP  19.7%  (May 2009 was 18.7%)

Rancho Cordova City  13.5%  (May 2009 was 12.8%)

Rancho Murieta CDP  3.7%  (May 2009 was 3.5%)

Rio Linda CDP  17.2%  (May 2009 was 16.3%)

Rosemont CDP  9.3%  (May 2009 was 8.8%)

Sacramento city  13.8%  (May 2009 was 13.1%)

Vineyard CDP  5.5%  (May 2009 was 5.2%)

Walnut Grove CDP  25.6%  (May 2009 was 24.5%)

Wilton CDP  7.2%  (May 2009 was 6.8%)

As you can see, there was not one city or CDP (Census Designated Place) that was without an increase in overall unemployment numbers from May to June 2009. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.0%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 25.6% (Can you believe that? 1 in 4 working people are without a job).

Let me know if you have any questions about the latest figures and how unemployment impacts the local real estate market. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com

http://www.lundquistcompany.com/blog  Unemployment Rates in Sacramento County for June 2009

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , , ,

San Joaquin County Hits 15% Unemployment Rate for May 2009

June 23, 2009 in Unemployment | No comments

What stands out to you about the following data? Below you will find the most recent figures for unemployment in San Joaquin County as of May 2009 per the Employment Develompent Department. The figures below consider both cities and Census Designated Places (CDP). San Joaquin County as a whole has an unemployment rate of 15.0%.

August CDP      22.9%

Country Club CDP       11.0%

Escalon city      13.3%

Farmington CDP       18.9%

French Camp CDP       46.8%

Garden Acres CDP      23.9%

Kennedy CDP    31.9%

Lathrop city     10.5%

Lincoln Village CDP       3.6%

Linden CDP     18.0%

Lockeford CDP    24.5%

Lodi city        11.4%

Manteca city     13.1%

Morada CDP      6.5%

North Woodbridge CDP   5.7%

Ripon city      8.9%

South Woodbridge CDP    10.8%

Stockton city     18.1%

Taft Mosswood CDP     31.8%

Tracy city    9.4%

It is important to note that some of the communities in San Joaquin County are smaller in population and so the rates are easier to be higher. However, Stockton is not a small city and it is alarming to see an unemployment rate of 18.1%. Do you think the unemployment rate might impact real estate values or even the confidence of investors in some cases to purchase properties?

http://www.lundquistcompany.com/blog  San Joaquin County Hits 15% Unemployment Rate for May 2009

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: , , , , ,

« Older entries