Silicon Valley loses jobs in December, January

Silicon Valley’s Santa Clara and San Benito counties lost 13,800 jobs between December 2004 and January 2005, leaving 850,800 jobs in the Valley. The local unemployment rate rose to 6.2%, up from a revised 5.6% in December 2004. The state of California added 20,000 jobs in January 2005 and recorded a 6.2% unemployment rate.