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Bay Area Recession Timeline Tuesday, April 24 Bookmark and Share     Author
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Growth Accelerates As 3Q Profit Rises
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Earnings Main Event: Bay Area jobs hit harde...
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B. 2011-02-14 Silicon Valley hiring pace picks up San Jose
2010-06-02 Bay Area jobs hit harder than U.S. Bay Area
3. 2010-01-29 Chevron profit drops, production is strong Chevron
E. 2009-12-08 20% of families in Bay Area struggling Bay Area
5. 2009-10-15 Growth Accelerates As 3Q Profit Rises Google
6. 2009-07-22 eBay 2Q profit falls eBay
H. 2009-07-06 High-rises on hold South of Market
8. 2009-05-02 Chevron profit falls along with oil prices Chevron
J. 2009-03-11 National Semi to cut quarter of workforce Santa Clara

Chevron profit drops, production is strong  Lower oil prices and gasoline sales cut by the recession slashed annual profit by 56 percent in 2009. It earned $10.5 billion ($5.24 per share ) 20% of families in Bay Area struggling
Silicon Valley hiring pace picks up  San Jose: Silicon Valley employers rebounded from the recession by adding 12,300 positions in 2010; the total number of jobs is only back to 2004 leve... Bay Area jobs hit harder than U.S.

year 2011 Top ^


year 2010 Top ^

  Federal figures show that the Bay Area lost a much higher percentage of jobs than the rest of the nation between April 2009 and April 2010

year 2009 Top ^

  Even before the current recession, more than 440,000 households were struggling to make ends meet, based on the Self-Sufficiency Standard

  Google: Google Inc. began to leave the recession behind as the 11-year-old Internet search leader recorded its highest profit ever
Jul.22 eBay 2Q profit falls
  The recession continued to hurt eBay Inc., as earnings and revenue fell amid a sales decline in the main online marketplace
Jul.6 High-rises on hold  South of Market: At least a dozen large development sites in the district now sit empty or covered by asphalt because of the recession May.2 Chevron profit falls along with oil prices  Chevron reported its worst quarterly performance in 5 years, as lower oil prices and a fierce global recession slashed the profits by 64% Mar.11 National Semi to cut quarter of workforce
  Santa Clara: The chipmaker cut 1,725 of its workforce in a sign that the deepening global recession is undermining the Bay Area's high-tech economy
Mar.3 Supervisor Proposes Relief For Renters  SF City Hall: Chris Daly introduced a legislative package intended to provide relief to the renters who, despite the recession, are facing sky-high rents Feb.10 Intel To Invest $7B On Factory Upgrades  Intel is to upgrade its U.S. factories over the next 2 years; the recession hasn't extinguished chip makers' lust for cutting-edge equipment Feb.7   Companies Look to Hire Despite Recession  Bay Area: Despite the state's unemployment, some companies are looking to hire and fill positions. Six Flags Discovery Kingdom is looking to fill 1,600 openings Feb.6 Families Moving In Together In Recession  Bay Area: 65% in a recent poll say they expect the economic downturn will bring more and more intergenerational families into the same house Jan.30 Bay Area to emerge from recession in 3Q  The upturn will be sluggish, according to a forecast from the Association of Bay Area Governments Jan.26 Netflix profit up 45%, defying recession  4th quarter profit surpassed analysts' estimates, propelled by the widening appeal of inexpensive DVD rental and streaming service Jan.22 Google reports sharp decline in profits  Google reported sharply lower 4th quarter profits from bad investments, while its core business showed resilience amid the global recession Jan.21 Earnings Sink 31 Percent In 4th Quarter  eBay: Internet auctions and 'Buy It Now' offerings are being hurt by the recession just like traditional retail sales. $367 million was down from $531...

year 2008 Top ^

Feb.22   Upbeat S.F. tourism outlook  San Francisco: The hotels will be pushing an 80% occupancy rate this year and the thinking within the bullish tourism industry is that we will dodge a rece... Jan.15 Applied Materials to Cut 1,000 Jobs  A major supplier of chip-making equipment, is jettisoning 7% cutback that suggests some manufacturers are hunkering down for a recession

year 2001 Top ^

Nov.22   Non-profit could close  San Mateo: ASPIRE offers after school programs for low-income youth. Recession and a Sept. 11 made drop in giving

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