What stands out to you about the following data? Below you will find the most recent figures for unemployment in San Joaquin County as of May 2009 per the Employment Develompent Department. The figures below consider both cities and Census Designated Places (CDP). San Joaquin County as a whole has an unemployment rate of 15.0%.
August CDP 22.9%
Country Club CDP 11.0%
Escalon city 13.3%
Farmington CDP 18.9%
French Camp CDP 46.8%
Garden Acres CDP 23.9%
Kennedy CDP 31.9%
Lathrop city 10.5%
Lincoln Village CDP 3.6%
Linden CDP 18.0%
Lockeford CDP 24.5%
Lodi city 11.4%
Manteca city 13.1%
Morada CDP 6.5%
North Woodbridge CDP 5.7%
Ripon city 8.9%
South Woodbridge CDP 10.8%
Stockton city 18.1%
Taft Mosswood CDP 31.8%
Tracy city 9.4%
It is important to note that some of the communities in San Joaquin County are smaller in population and so the rates are easier to be higher. However, Stockton is not a small city and it is alarming to see an unemployment rate of 18.1%. Do you think the unemployment rate might impact real estate values or even the confidence of investors in some cases to purchase properties?