Fiscal picture cloudy at best

Published: Monday, Oct. 7, 2013 - 12:00 am
Last Modified: Tuesday, Oct. 8, 2013 - 4:06 am

The outlook for Sacramento-area employers seemed rosy heading into the year’s final quarter: hiring for growth, little talk of layoffs, consumer spending on the rise.

Area firms voiced optimism in Pacific Staffing’s quarterly report of employment trends released Oct. 1.

Half of firms surveyed for the report in August and September said they planned to hire to expand their workforces.

Nearly 40 percent expected to hire to replace existing workers. In another sign of employer confidence, the majority of employers polled – a full 85 percent – anticipated hiring full-time workers in the fourth quarter.

Then came the federal government shutdown and with it, another round of uncertainty for area employers, said local analyst Rick Reed, who conducts the quarterly survey for Pacific Staffing.

“It’s another splash of cold water in the face of a warming economy,” Reed said. “We’ve seen a housing bubble explode and heal itself. Consumer spending is on the upswing, people believe it’s time to reinvest, and now employers are putting on the brakes.”

What effect the shutdown will have on the local economy remains to be seen, but economists, researchers, Realtors and business leaders interviewed by The Sacramento Bee last week said the damage could be wide-reaching from federal employees going without paychecks, to a possible chilling effect on auto and home sales to slower business for retailers and local eateries.

“Serious growth was anticipated,” in the fourth quarter, Reed said. “Now we’re under this cloud.”

Woodland job fair

Woodland Chamber of Commerce is hosting a job fair from 2 to 5 p.m. Wednesday at County Fair Fashion Mall, 1264 E. Gibson Road, in Woodland.

The free event will feature a number of local employers.

“There are many employers in the process of hiring,” said Mark Ullrich, a chamber committee chairman, in a statement announcing the event.

“The job fair is our way of supporting those companies and the folks who are looking to work.”

For more information, call Ullrich at (530) 666-6671.

Sierra College job fair

More than 50 employers are expected at a regional job fair Oct. 25 at Sierra College’s Rocklin Campus Center.

The free event, from 11 a.m. to 2 p.m. in the Campus Center (Building J) at the college, 5000 Rocklin Road, features employers offering part-time, full-time and seasonal positions and includes free parking.

Job-seekers can also receive résumé critiques by career professionals at the event.

For more information, visit www.placer.ca.gov/jobfairs.

Contact us

Is your company hiring? Is your organization hosting a career fair or offering job training?

Contact Job Front at dvsmith@sacbee.com.


Call The Bee’s Darrell Smith, (916) 321-1040.

Read more articles by Darrell Smith





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