Overall unemployment rate moved down to 4.8% with the biggest shift in Manufacturing, which gained 2,100 roles, based on the most recently available information published in September 2021.
Total employment in the San Jose-Sunnyvale-Santa Clara, CA market declined by 2,180 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 4.8%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- San Jose-Sunnyvale-Santa Clara, CA unemployment rate is 49 bps below the national rate which is a positive sign.
- Unemployment in the market is 340 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in August versus prior month by -0.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Business Services: 243,500; -800
- Education & Healthcare: 174,300; +900
- Manufacturing: 173,500; +2,100
- Transportation & Utilities: 118,500; +200
- IT & Development: 110,600; +500
- Government: 87,100; +1,400
- Restaurants & Hotels: 77,700; +1,600
- Construction, Mining: 50,800; +800
- Financial Services: 37,700; +400
- Other Jobs: 26,000; +900
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.