Sunday, February 13, 2011

SF Bay Area job losses higher than the national average because of the recession

The loss of jobs in the family bread winner has been identified as a recession of the catastrophic consequences. As the American economy has its own crisis, there were numerous problems such as foreclosure fiasco, the effect of balloon loan adjustable rate mortgages, the primary function of home, many Americans came to the unwary. The crisis was further exacerbated by the loss of job satisfaction, USA, made millions of households able to their mortgage commitment and was sentenced.

The recent report of the Bureau of Labor Statistics, along with the safety net of working partnerships Updates United States and the United Way of the Bay Area has thrown light on this problem. This shows two groups of Bay Area nonprofit that continued high unemployment on the social network of the tribe SF Bay Area.

Between April 2009 and April 2010, federal data show slightly higher percentage> Labour had lost the nation went to the Bay area than the others. according to data from the Bureau of Labor Statistics, now has 2009 jobs nationally declined 1 percent from April to April 2010th

The report suggests that many residents of the Bay Area have the problem of unemployment, despite signs of economic recovery were evident. Five of the nine-circle that is Bay - Alameda, Contra Costa, Marino, San Francisco and San Mateo -went to the 3.4 percent decline the previous year the opportunity to work for a living.

But the comfort is more counties south of Santa Clara and San Benito, job losses were not as stringent. In this area, which sank in the previous year with 1.9 percent pay rolls - a figure higher than the U.S. average - but a little 'less than other regions of the Bay Area.

By the way, was the effective partnership, a group of foundation support in San Jose in his publication of his thirdAnnual report on "Life in the Valley Economy", focusing on middle and lower class issues, the same day when the Bureau of Labor Statistics released its figures.

There is no reason for concern because the facts -

job loss is the number one reason for the problem of exclusion suffered in 2009 by Silicon Valley youth and adults, where more than 12,000 of them were homeless at some point during the date.

The number of people who were already food stamps jumped 53 percent since theThe recession began in December 2007

In Santa Clara County, the education of children has decreased - from 93 percent graduation rate for 2003, to 82 percent in 2008 has decreased.

In addition, there was unprecedented decline in participation rates in college in Santa Clara County - where high school graduates dropped to 36.5 percent see a good 52.5 per cent in 2007.

In order to gauge the impact of recession on the demand for services, the SanFrancisco Bay Area United Way, asked somewhere around 1680 the non-profit groups and found, while the application was before options were the turnovers down.

jobth

0 comments:

Popular Posts
Blog Archive
Total Pageviews
170481