Still hovering at 2.4% unemployment

Year over year, the Silicon Valley information industry gained 9,200 jobs.

Silicon Valley experienced yet another month of low unemployment figures—an impressive estimated 2.4 percent for Santa Clara and San Benito counties, according to a report released today by the California Employment Development Department.

Three areas ranked slightly lower: San Mateo at 1.9%, and Marin and San Francisco, which both reported 2.1 percent.

The Santa Clara/San Benito estimate for April, was down from a revised 3.0 percent in March and was lower than the year-ago estimate of 2.6 percent.

The biggest gainer in the two-county area was leisure and hospitality with a month-over-month hiring surge of 3,100 jobs during April.

April for the San Jose-Sunnyvale-Santa Clara area

  • Total employment increased by 6,400 jobs to reach 1,153,100.
  • The construction industry grew by 2,300 jobs, mostly among specialty trade contractors.
  • Information reported a growth of 1,100 jobs.
  • Manufacturing lost 1,100 jobs, largely in computer and electronic product manufacturing.
  • The unemployment rate was 2.3 percent in Santa Clara County.
  • The unemployment rate was 5.3 percent in San Benito County.
  • The unemployment rate was 5.5 percent for Santa Cruz County.

Other stats:

  • The California unemployment rate was 3.9 percent.
  • The country’s unemployment was 3.3 percent.

Looking back over the year

From April 2018 to April 2019, you can see the two-county Silicon Valley region grew by an estimated 29,900 jobs or 2.7 percent.

  • Information grew 9,200 jobs.
  • Manufacturing added 5,500 jobs.
  • Professional and business services was up 3,900 jobs.
  • Private educational and health services was up 3,700 jobs
  • Leisure and hospitality grew by 3,500 jobs
  • Government added 3,000 jobs.
  • Financial activities expanded employment by 1,200 jobs.

 

 

 

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