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Sacramento businesses ready for strong economy in 2014

Posted on December 31st, 2013 Read time: 1 minutes

Businesses in the Sacramento area are remaining optimistic a strong economy will lead to job growth in 2014.

A recent study conducted by Pacific Staffing found 76 percent of Sacramento-based employers believe the economy will improve in 2014 The Sacramento Bee reported. The survey also found six in 10 of those surveyed believed they will add jobs in the new year. Rick Reed, who conducted the survey, believes this is good news for Sacramento and that it signals the community will have a breakout year.

The survey is done every quarter and hiring confidence has been steadily growing throughout the year. The first quarter's survey reported only 57 percent of businesses would be hiring for that quarter.

Unemployment has also decrease in the areas, which is good news for Sacramento. The jobless rate dropped slightly from 8.1 percent in October to 8 percent for November. Although this is a slight decrease, it is still a significant drop from the same time last year when the jobless rate in Sacramento was at 9.6 percent, the Sacramento Bee reported.

California as a whole has seen some good fortune over the past year as well. California's Employment Development Department reported the state's jobless rate fell to 8.5 percent form 8.7 percent in October. During that time, 44,300 jobs were added.

The Sacramento Bee reported many of the new jobs that were added were drivers for warehouses, manufacturing distributes and construction material distributors.

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