| Sacramento Forecast Project | Placer County Economic Forecast | California State University, Sacramento |
| revised January, 2008 | ||
| Unemployment | Fountain Predictor | Taxable Sales | Building Permits | Data Tables | Resources | SFP Page | ||
| Number of Persons Employed |
| The number of persons employed (as measured by the Household Survey) in Placer County increased at a 1.3% (2,130 persons) rate in 2007, slower than the 2.8% increase in 2006. The forecast for 2008, based on actual data through December, is for an even smaller increase of 1.1% (1,750 new persons). |
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| Unemployment |
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| The Unemployment Rate in Placer County increased over half of a percent in 2007, to 4.8%, up from 4.2% in 2006. The forecast for 2008, based on actual data through December, is another increase to 5.4%. |
| Fountain Predictor | |
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| The Predictor turned negative in January of 2007 and remained negative throughout the entire year, with the biggest negative coming in December with a negative value of -1.6%, which exceeded the negative level reached during the previous negative cycle (2001-2002). The December negative value is the result of the Labor Force growing (up 0.995%) and the Number of Persons Employed declining (-0.609%). | |
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| The Fountain Predictor was named for Robert J. Fountain (Professor Emeritus, California State University, Sacramento) who suggested graphically comparing the twelve month percentage change in the Number of Persons Employed with the twelve month percentage change in the Civilian Labor Force as a measure of the economic health of an area. | The theory suggests that as long as the percentage change in the Number of Persons Employed is larger than (above) the percentage change in the Civilian Labor Force, for that area, that area is in good economic health. |
| Taxable Sales |
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| Taxable Sales, all Outlets in 2006 grew at a 4.1% ($300. million) rate, down from the 9.7% growth rate in 2005. The forecast for 2007, based on actual data through the 4th quarter of 2006, is for a slight decline of -0.4% ($30.mil.), to be followed by a better 2.4% increase in 2008. |
| Building Permits |
| Residential Building Permits (total units) in Placer County declined from the high of 7,137 residential permits in 2002, to 3,220 permits in 2006 (a 54.8% decline). The decline continued in 2007, which is expected, using actual data through November, to end with another 27.0% decline, to 2,352 permits issued, and be followed by another 14.9% decline to 2001 permits issued in 2008. |
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| Data Tables | ||
| The Sacramento Forecast Project maintains files for these variables and the supporting variables for Placer County, in Excel format, that can be made available on request. | ||
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| Resources |
Placer County has several useful and informative locations on the Internet. For information about the county and its environment, try:
Data Providers: |
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Back to Sacramento Forecast Project Update: January, 2008 Next Revision: July, 2008 URL: http://www.csus.edu/indiv/j/jensena/sfp/sa11/sac5/pla/placer.htm Arthur N. Jensen, Emeritus Professor of Marketing e-mail to: jensena@csus.edu College of Business Administration California State University, Sacramento Disclaimer: Professor Arthur N. Jensen takes full responsibility for the information posted. The information on this page represents that of Professor Arthur N. Jensen and not that of California State University, Sacramento. [as required in PM BA 96-13 Policy on CSUSInfo World Wide Web] |