[quote=sdrealtor]dudeFYI, per a UT article a week or two ago UE in my neighborhood is only around 5%. Dont know how accurate that is but according to the article it is a very bifurcated UE situation. Its 10+ in lower incoem areas and 5ish in NCC and Inland.[/quote]
Interesting number, but I don’t think it is useful or surprising. UE on a neighborhood-by-neighborhood basis is a self-fulfulling situation. Almost by definition, expensive neighborhoods will have lower unemployment that less-expensive neighborhoods.
In the long-term, the overall unemployment rate for the county seems the most sensible thing to use as a potential indicator.
Plus, we should probably look at the U6 unemployment numbers anyway.
