Placer County Job Growth and Economic Development
Placer County is adding jobs at a rate that has earned it a place among the nation’s leaders.
Signs that our economy is expanding are all around us – unemployment is dropping, construction projects are a common sight, and the list of companies moving or expanding here is growing longer and longer.
Recently, a report from the U.S. Bureau of Labor Statistics offered insight into how fast Placer County’s job base is expanding. The county’s 5.0 percent job-growth rate for the 12-month period that ended on Sept. 30, 2013 earned it a tie for sixth place in a ranking of the nation’s 334 largest counties. In California, Placer County finished first among the 26 counties that have populations large enough to be included.
I am particularly pleased with Placer County’s rapid job growth in light of a recent report that shows we once again are among the state’s leaders in population growth.
On April 30, the California Department of Finance reported that Placer County had 366,115 residents on Jan. 1 of this year, 1.5 percent more that it had a year earlier. Its growth rate was third best among the state’s 58 counties, and it trailed Santa Clara and Alameda counties by small margins.
Maintaining healthy job growth is important as Placer County’s population continues to grow. The latest unemployment report from the California Employment Development Department demonstrates why.
In March, Placer County’s labor force had an estimated 180,600 people – 600 more than it had a year earlier. On the other hand, the number of employed residents grew by 2,000 to 167,800.
The result: Placer County’s unemployment rate dropped from 7.9 percent in March 2013 to 7.1 percent this March. The latter was well below the 8.1 percent recorded for the Sacramento region as a whole and the 8.4 percent reported for California.
Economic Development is one of my top priorities on the board, because it is vital to the high quality of life we enjoy in Placer County. Attracting businesses and high paying jobs to Placer County is a top priority. My goal is continued employment growth and that as many job seekers as possible find employment and employers find the skilled workers they need. Our rapid job growth, population increase and drop in unemployment are encouraging signs. Our challenge now is to take advantage of the momentum to build an even stronger future.
Placer County has had considerable success working through its Office of Economic Development and collaborating with local cities and industry groups through the Placer County Economic Development Board. The office provides business re-location support, demographic information and access to incentives and grants to encourage businesses to think of Placer County as a business location destination.
I will continue to do what I can to improve Placer’s Economic Development Goals. If you have an Economic Development idea or know of an employment opportunity, I would like to hear from you.
Thank you again for the opportunity to serve. I invite your questions and feedback on any issue. I can be reached at (916) 787-8950 and email@example.com.