Sacramento Loses 81,000 Jobs in Five Years

The Sacramento region lost 81,600 private-sector jobs in the last five years, according to a new analysis.

In July 2012, Sacramento had 592,200 private-sector jobs, down from 673,800 in July 2007, according to an On Numbers study of U.S. Bureau of Labor Statistics data. That drop put Sacramento at No. 92 in the nation for job gains and losses. In percentage terms, the region lost 12.11 percent of its jobs in the five-year period. In ranking by percentage, that actually puts the metro region at No. 99 in the nation.

The news could be worse: Eight markets out of 102 remain down by at least 100,000 jobs in five years.

Los Angeles and Cape Coral-Fort Myers, Fla., have endured the worst employment slumps. The L.A. area lost 354,500 private-sector jobs between July 2007 and the same month this year, the nation's sharpest drop in raw numbers. Cape Coral-Fort Myers' decline of 13.7 percent is the worst in percentage terms.

Click here for the full ON Numbers report and database on private sector employment in 102 metro markets.
http://www.bizjournals.com/sacramento/news/2012/09/11/sacramento-loses-p...