Sacramento’s economy expanded in the year ending in November of 2013 with the addition of 12,400 new jobs, equating to a 1.5% growth rate. Strong growth in the leisure and hospitality, education and health services and trade, transportation and utilities sectors offset losses in the construction and financial services sectors. The industrial market benefited from healthy growth of 3.2% in manufacturing and 2.1% in trade, transportation and utilities. Positive job growth resulted in the unemployment rate ticking down 160 basis points (bps) during the year to 8.0% as of November, slightly below the state average of 8.3%.
Source : Cushman & Wakefield