Overall unemployment rate moved down to 5.0% with the biggest shift in Government, which lost 4,700 roles, based on the most recently available information published in September 2021.
Total employment in the San Jose-Sunnyvale-Santa Clara, CA market rose by 15,883 jobs in July and the unemployment rate decreased compared to the prior month by 20 bps to 5.0%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- San Jose-Sunnyvale-Santa Clara, CA unemployment rate is 66 bps below the national rate which is a positive sign.
- Unemployment in the market is 440 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Business Services: 243,900; +1,100
- Education & Healthcare: 173,500; -300
- Manufacturing: 171,500; +600
- Transportation & Utilities: 118,000; no change
- IT & Development: 110,600; +700
- Government: 85,700; -4,700
- Restaurants & Hotels: 75,300; +2,400
- Construction, Mining: 50,200; no change
- Financial Services: 37,200; -300
- Other Jobs: 24,300; -800
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.