Job losses hammer Bay Area, employers slash 4,700 jobs

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Bay Area employers slashed thousands of jobs for the second straight month in September, marking a setback for the region ahead of the crucial holiday shopping and hiring season.

Overall, the Bay Area lost 4,700 jobs last month. While some smaller metropolitan areas in the region had job gains, employers shed 1,300 jobs in Santa Clara County, 1,700 in the San Francisco-San Mateo region and 2,600 in the East Bay, seasonally adjusted figures from the state’s Employment Development Department showed.

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The jobs picture for the technology sector was weak in September. Tech companies shed 100 jobs in Santa Clara County and 900 in the San Francisco-San Mateo area, although the East Bay eked out a gain of 500 tech jobs, a Beacon Economics analysis of the EDD statistics showed.

The Bay Area’s employment struggles contrasted sharply with statewide job trends.

California added 52,200 jobs in September, and the statewide unemployment rate remained unchanged at 5.1 percent, the EDD reported.

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Is the 4700 job loss month over month, or year over year?

With the wildfire, October’s number will be terrible

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What are you looking at???

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Ahh, stupid journalist or misleading journalist!

Firing of 4700 and a simultaneous hiring of how many? Omg, send the journalists to high school again. Shame of liberal arts program

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Liberals? The ones that are going to defend you the day the KKK gets you?

OK…got it!

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Math is hard. I’m amazed how often stories get published with incorrect math or the headline doesn’t describe what the math does.

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Slashed 4700 jobs in an area with over 3million jobs…Yellow journalism at its worst…Like Trump says fake news

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Somebody should go to high school.

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Meanwhile unemployment keeps dropping to the lowest in history

San Mateo County unemployment falls to 1.9 percent. California’s unemployment rate remained at a record low of 4.2 percent in May while San Mateo County’s rate dipped to 1.9 percent, maintaining its hold as the lowest in the state, according to data released Friday by the state Employment Development Department.Jun 16, 2018

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Ok, you scared me… perhaps a different thread, one with a more positive spin, might have been a better choice, Mr. SLT???:grinning::grinning::grinning:

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Just like to look back at fake prognosis
Employment charts are the best way to keep tabs on the future of the housing market. The temporary lull we are having in housing prices is more like 2016 than 2009.

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