Updated
Updated · The Santa Rosa Press Democrat · Sep 20
North Bay Employers Add August Jobs as Labor Force Shrinks 1.1% to 2.4%
Updated
Updated · The Santa Rosa Press Democrat · Sep 20

North Bay Employers Add August Jobs as Labor Force Shrinks 1.1% to 2.4%

1 articles · Updated · The Santa Rosa Press Democrat · Sep 20

Summary

  • August payrolls rose across much of the North Bay even as every county posted a smaller labor force than a year earlier, leaving unemployment declines less reassuring because fewer residents were working or seeking work.
  • Healthcare drove much of the hiring: Solano added about 1,000 healthcare jobs, Sonoma healthcare employment rose about 2.6%, Marin gained about 500 jobs, and Mendocino’s private education and health services added 280.
  • Solano showed the sharpest split, with roughly 400 employer jobs added over the year while its labor force fell about 4,800 and employed residents dropped roughly 4,000; its unemployment rate still improved to 5.5% from 5.7%.
  • Napa posted the region’s lowest August unemployment rate at 4.3%, followed by Marin at 4.4% and Sonoma at 4.5%, while Lake remained highest at 7.2%; California’s unadjusted rate was 5.4%.
  • Statewide data pointed the same way: California’s labor force fell by more than 337,000 from a year earlier, and economists said retirements, out-migration and noisy preliminary surveys could all be contributing.

Insights

With healthcare masking regional economic cracks, which industry will be the first to collapse under the weight of a shrinking labor pool?
If falling unemployment actually masks a vanishing workforce, what happens to local businesses when there is no one left to hire?