Saturday Stats: Silicon Valley Unemployment Drops Again

Here's a nice statistic for you. Unemployment for the San Jose Metropolitan Area dropped from 9.6% to 9.5% in October. This compares to a rate of 10.8% around the same time last year. The current unemployment rate for the state of California is 11.2%, which means we are well below the average. This is a good indicator that the local economy is starting to recover.