Bay Area Reaches Peak Employment, Yet Some Remain Unemployed


SAN JOSE (KPIX 5) — A brand new state report declares the Bay Space is “at full employment,” however some individuals are nonetheless unemployed.

The unemployment price is 2.9 % in San Mateo County and San Francisco counties, three % in Marin county and fewer than four % in Santa Clara and Alameda counties.

However there are some people who have slipped by way of the cracks and are nonetheless unemployed.

Additionally plenty of the employment progress has come from the hospitality sector which doesn’t pay a lot.

To place the report’s findings in perspective, we now have to go all the best way again to the primary dot com growth of 2000, when Pets.com and Webvan.com have been all the fad.

That point interval was the benchmark of excellent occasions.

However now?

Janice Shriver, a labor analyst for the state, says we have now extra jobs now than at some other time in historical past within the Bay Space.

Shriver says we’re in what’s referred to as “peak employment,” the place nearly anybody who’s prepared and capable of work, is working, throughout virtually all industries.

Shriver stated, “It runs the gamut, actually. There are tons, tons, of jobs if you wish to work.”

Listed here are the Bay Space’s largest job positive aspects, by business and area, yr over yr.

Within the San Jose metro space, it was skilled and enterprise providers which have seen the most important job positive factors yr over yr.

In the meantime, the Oakland metro space has seen an increase in jobs in personal schooling and well being providers.

And the San Francisco metro space had robust job progress in commerce, transportation, and utilities.

It’s essential to notice, prior to now month there’s been an increase in hospitality jobs, lots of that are decrease-paid, half-time positions.

Henry Lo is a Bay Space job-seeker and he says he’s assured he’ll discover a job.

Lo was simply let go from his job at Residence Depot a month in the past.

A stroke left him wheelchair-sure at sixty six-years-previous.

However after listening to the newest jobs report, he says he’s positive he’ll discover one thing.

“Perhaps with this interview, I’d discover one thing,” Lo stated.

Lo has an electrical engineering diploma, has educated as a nurse, and spent the previous 15 years designing kitchens.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *