Overall unemployment rate moved down to 5.2% with the biggest shift in Education & Healthcare, which gained 2,300 roles, based on the most recently available information published in April 2021.
Total employment in the San Jose-Sunnyvale-Santa Clara, CA market declined by 3,802 jobs in March and the unemployment rate decreased compared to the prior month by 20 bps to 5.2%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- San Jose-Sunnyvale-Santa Clara, CA unemployment rate is 98 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 1.1% and are down 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: 239,200; +700
- Education & Healthcare: 172,300; +2,300
- Manufacturing: 169,400; +1,800
- Transportation & Utilities: 118,300; no change
- IT & Development: 107,500; +400
- Government: 91,900; +500
- Restaurants & Hotels: 61,700; +2,300
- Construction, Mining: 49,500; -500
- Financial Services: 37,300; -600
- Other Jobs: 22,800; +200
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.