Preliminary November labor force data counts for San Francisco, Marin and San Mateo counties puts the unemployment rate at 9.7%, 8.0% and 8.9% respectively, down 0.2 percentage points in San Francisco and San Mateo and down 0.1 percentage points in Marin.
While the number of unemployed in San Francisco fell by 1000 (from 44,100 to 43,100) in November, the number of employed fell by 600 (from 402,100 to 401,500) as the labor force contracted by 1,500 (from 446,100 to 444,600).
Overall California unemployment fell by 0.1 percentage points to 12.2%.
∙ Monthly Labor Force Data for Counties: November 2009 (Preliminary) [EDD]
∙ San Francisco County Unemployment Up To 9.9 Percent In October [SocketSite]
heeeelllloooooo out there? where did all the bears go?
^Ok.
Hooray! We’ve found the cure for unemployment. Just wait until they’ve been unemployed long enough that BLS no longer counts them and voila! Unemployment goes down even as employment goes down.
The unemployment game show
Nice link, diemos.
The Chronicle had an article about the state jobless rate this morning. The November “underemployment” rate––unemployed + part-time workers + stopped looking––was 23%, up from 22.5% in October.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/12/19/MN3S1B6E34.DTL
This reflects what I’m seeing among friends and (former) coworkers. Out of a group of five who were all laid off in Jan/Feb 09, only one has found a comparable full-time job. The others have at best found temporary or part-time work.
Confuscious say: real estate prices, in an area in which jobs are leaving, but people are leaving even faster, not gonna rise anytime soon, no matter what that does to the unemployment rate.
Where are the bears? On we-told-you-so island.