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The Second Coming


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(11-21) 11:19 PST SACRAMENTO -- California's unemployment rate jumped to 8.2 percent in October and employers cut 26,400 nonfarm payroll jobs as the global financial crisis punished the state and exacted its heaviest toll on the struggling Central Valley.

 

Although the Bay Area continues to suffer job losses, the report issued today by the state Employment Development Department shows that this region is somewhat sheltered from financial havoc that caused the statewide unemployment rate to jump from 7.7 percent in September.

 

In San Francisco County, for instance, unemployment stood at 6 percent in October, while in San Mateo County the rate was 5.4 percent. Alameda and Contra Costa, two counties more heavily exposed to the housing boom and bust, had unemployment rates of 7.1 percent and 7 percent, respectively, in October.

 

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