About This Video
On Friday, the Employment Development Department announced that Silicon Valleys unemployment rate for July was 6.4 percent. It was also reported that over one year the Sane Jose-Sunnyvale-Santa Clara metropolitan area lost 1,400 jobs. In San Banito County alone the unemployment rate was 8.6 percent and in Santa Clara County it was 6.4 percent. A major contribution to Silicon Valleys unemployment rate was the elimination of 3,000 construction jobs and 1,300 financial jobs. As a whole, Californias unadjusted unemployment rate was 7.6 percent. EmploymentCrossing.com
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