Economy

Economy

Major layoffs in Silicon Valley hit Team San Jose, Goodwill and car dealers

Coronavirus-linked layoffs have soared in Silicon Valley in recent months, affecting more than 21,000 employees across 26 companies in March alone, according to a San José Spotlight analysis of data from the state’s Employment Development Department. Industries with the most layoffs were retailers, restaurants, hotels, the arts and entertainment sector, personal care services and gyms....

Santa Clara County’s unemployment rate rose to 3.3 percent in March

Unemployment rates across California spiked last month following record lows across the state and Silicon Valley, according to data released Friday. Santa Clara County’s unemployment rate rose to 3.3 percent last month, according to the California Employment Development Department, which handles workforce services including Unemployment Insurance. While these preliminary labor market numbers lag several weeks, that’s...

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