Understatement of the year?

by Rachel Massaro

toilet paper on shelves

This morning we released our latest Institute report showing that Silicon Valley’s unemployment rate soared to an unprecedented 11.7% — higher than any other year on record. With 30% of our households unable to meet their basic needs without assistance BEFORE the pandemic, and nearly a quarter of all renters spending more than half of their gross (not net!) income on rent, a 12% unemployment rate is extremely concerning. Our residents are struggling, and facing seriously difficult decisions — like whether to pay their bills or feed their families.

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Joint Venture’s blog is a laboratory for thought leadership. It’s a place where our team and our leaders test concepts and prepare work for wider audiences. We welcome posts from opinion leaders in their field of expertise in order to connect with Joint Venture’s spectrum of audiences.