Valley unemployment ticks up, but below state level - Silicon Valley/San Jose Business Journal:

Silicon Valley/San Jose Business Journal - December 22, 2006
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Valley unemployment ticks up, but below state level
Silicon Valley/San Jose Business Journal - 12:48 PM PST Friday

The unemployment rate in the Silicon Valley was 4.5 percent in November 2006, up from 4.2 percent in October but below the year-ago's 5.1 percent, according to a report released Friday.

The latest figures from California's Employment Development Department show that unemployment in the San Jose-Sunnyvale-Santa Clara metropolitan area was slightly under the state's 4.6 percent and above the nation's 4.3 percent during the same period.

In San Benito County there were 23,500 people employed out of a possible work force of 24,900, for a 5.7 percent unemployment rate. That compares to last year's 6.7 percent rate and last month's 4.8 percent.

In Santa Cruz County there were 137,200 employed out of a pool of 144,500, for a 5.1 percent rate. That compares to last year's 5.1 percent rate and last month's 4.1 percent.

In Monterey County, there were 193,500 employed out of a possible work force of 205,600, for a 5.9 percent unemployment rate. That compares to the year-ago's 6.4 percent and last month's 4.5 percent.

In the Silicon Valley, professional and business services expanded by 3,100 jobs over the year. Computer systems design and related services gained 1,400 jobs, with other job additions scattered throughout the sector.

Leisure and hospitality gained 2,600 jobs, primarily in food services and drinking places.

Trade, transportation and utilities added 2,200 jobs, while educational and health services payrolls grew by 1,800 jobs from last November.

The information sector posted a net gain of 1,200 jobs, adding jobs on a year-over basis for the 33rd consecutive month.


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