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In Some Bay Area Counties, College Grads Have Higher Unemployment

Higher training is meant to be the price tag to employment. But in some Bay Area counties, employees with a highschool degree have decrease unemployment charges than the ones with bachelor’s levels or upper.

From a record: Experts urged the Bay Area’s backwards numbers, which run counter to the nationwide development, may well be the result of too-few lower-wage workers, many of whom have been driven out by skyrocketing housing prices and the rising cost of living. “We have employers call us all the time (saying), ‘I’m looking for low-wage, entry-level workers,'” stated Kris Stadelman, director of NOVA Workforce Development in Sunnyvale. But there are few employees keen to tackle the ones positions who do not have already got jobs, she stated.

In Santa Clara County, the guts of Silicon Valley, the unemployment price for staff with a highschool level is three.three p.c, in comparison to a three.6 p.c price for staff with a bachelor’s level or upper, in line with the U.S. Census Bureau’s 2017 American Community Survey, which measures unemployment by means of instructional attainment for staff between 25 and 64 years outdated. The identical state of affairs exists in two different Bay Area counties — Marin and Sonoma — the place employees with a minimum of a bachelor’s level shouldn’t have the bottom unemployment price.

The development is starkest in Sonoma County, the place employees with out a highschool level have a zero.2 p.c unemployment price in comparison to a four.four p.c price for staff with a bachelor’s level or upper. Workers with a highschool degree in that county have an unemployment price of two.eight p.c. Statewide, employees with a highschool degree have an unemployment price of 6.2 p.c, just about double the three.five p.c price of the ones with a bachelor’s or upper.

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