Unemployment Rate Darts to 6.5%; Up 40BP from September
November 7, 2008
The nation’s unemployment rate shot up in October, to 6.5%. That marks an unemployment rate which is higher than the downturn the country saw following 9/11, when the unemployment rate peaked at 6.3% in June of 2003. In fact, the unemployment rate hasn’t been this high since 1994.
A chart of the national unemployment rate going [...]
September 2008 Unemployment Numbers
November 6, 2008
California’s unemployment rate held steady at 7.7 percent in September, after climbing by 1.5 percentage point over the four previous months. The U.S. unemployment rate held steady in September at 6.1 percent, after rising by 1.1 percentage point over the four previous months-including a 0.6 percentage point jump in July and August combined. The chart [...]
Read More >>August 2008 Federal, California, and Silicon Valley Unemployment Numbers
October 3, 2008
The latest unemployment numbers for August 2008 have been released and the economy continues to trend lower as unemployment nationwide, statewide, and locally have all continued to trend higher.
The graph to the right shows the trend over three years, but what we are seeing over a longer time period is that statewide, the unemployment rates have [...]
California and Silicon Valley Unemployment Rate Numbers
September 5, 2008
Numbers today came out for the national unemployment rate, and it is no surprise that the numbers continue to rise. The national rate now stands at 6.1%, a five-year high. These numbers don’t tell us much about California and Silicon Valley, so the graph to the right and data below represent the trends for the state [...]
Read More >>California Unemployment Rate Up 150 Basis Points Year Over Year
August 1, 2008
The latest unemployment numbers for the state of California indicate that the rate has jumped significantly from last year. Last June, the seasonally adjusted unemployment rate in the state was 5.3%, June’s preliminary numbers are 6.9%, up a further 10 basis points from May’s 6.8%.
To put in perspective the unemployment rate cycle in California, below [...]