Monterey County unemployment rises to 7.1 percent.
Friday, November 21, 2008
Monterey County shed 4,000 jobs between September and October, bringing county unemployment up to 7.1 percent, according to labor figures released this morning by the state Economic Development Department.
The job losses nearly all come from the farm industry, which winds down harvesting in the Salinas Valley and moves operations to Yuma, Ariz this time of year.
Still, the county's unemployment rate is a percentage point highly than the country and nearly two percentage points up from the year-ago estimate of 5.3 percent. Unemployment rates were highest in the small unincorporated towns of Chualar and San Ardo, which had 18.6 percent and 15.8 percent unemployment, respectively. Salinas' unemployment grew to 10. 2 percent. The highest unemployment among Peninsula cities was Marina, which had a 4.2 percent jobless rate.