Silicon Valley Unemployment Hits Double Digits; California at 10.5%

The unemployment numbers for California were released, and not surprisingly, they are ugly and now stand at a whopping 10.5% in California – a 26 year high.That number is up from 10.1% last month, and 8.7% in December, and 8.3% in November.

According to the EDD, Unemployment figures for Santa Clara county is virtually a double digit number, at 9.9% for February, and San Mateo County’s is 7.6%. Santa Clara’s number’s are nearly double over the year ago period (5.1%).

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