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September 30, 2009

Walnut Creek's unemployment reaches nearly 8 percent, a big jump from last year

Many top economists say the recession is over, but they also agree that job growth is going to lag for some time and that, especially in California, we may not have seen the end of job losses or rising unemployment numbers. California's unemployment rate is currently at 12 percent.

As I tend to do, I was poking through some data, this time through figures from California's Employment Development Department and found some numbers for Walnut Creek, and for Contra Costa.

As of August, the lastest figures that are available, Walnut Creek's unemployment rate was at 7.6 percent, which isn't as bad as communities in West Contra Costa, or Concord, which is at 12 percent. But Walnut Creek's unemployment is higher than other surrounding cities. Contra Costa's unemployment is at 11 percent.

Walnut Creek has lost about 1,000 jobs from August 2008, when unemployment stood at 4.4 percent, and has lost 1,600 from August 2006, when unemployment was at 2.8 percent.

5 comments:

Anonymous said...

There's going to be more once Bing's goes under in 2010.

Anonymous said...

the biggest loss of all was Long's headquarters.....sad to see that what the Long brothers builts is all gone now

Anonymous said...

And so, Walnut Creek no longer is an affluent community but rather, a plain ol' suburb of Oakland? Not. We are all beautiful, wealthy, and very worldly.

Piet said...

California Unemployment Situation in Heat Map form:
here is a map of California Unemployment in August 2009 (BLS data)
http://www.localetrends.com/st/ca_california_unemployment.php?MAP_TYPE=curr_ue

versus California Unemployment Levels 1 year ago
http://www.localetrends.com/st/ca_california_unemployment.php?MAP_TYPE=m12_ue

Soccer Mom said...

Someone else is up early.