No one wants to hear bad news on a Monday morning. But if you have a job to complain about today, this report might make you feel thankful.
Everyone is probably aware that the unemployment rates combined with a poor job market outlook is not painting a hopeful picture for SF workers, but things might be worse than you think: the Ex is reporting that that “Unemployment has nearly doubled in San Francisco since international credit markets failed in late 2008.”
The California Employment Development Department shows that there are now more then 43,000 unemployed San Francisco residents, composing a city unemployment rate of 9.6%. While this statistic is a few points lower (yay!) then the state average of 12.3%, you now might have a better understanding of why there seem to be so many folks sitting around Blue Bottle in the middle of the day.
These stats are particularly depressing for the census workers whose temporary assignments are now coming to closure. Now that the Census Bureau’s decennial work is mostly done, The New York Times reported that the Bureau is shedding about 225,000 jobs nationally. That means the end of a regular paycheck for an additional 3,000 workers in the city of San Francisco.
Check out this interactive map for more detailed unemployment stats by California county.