Overall unemployment rate moved down to 3.2% with the biggest shift in Transportation & Utilities, which gained 3,400 roles, based on the most recently available information published in December 2021.
Total employment in the San Jose-Sunnyvale-Santa Clara, CA market rose by 7,890 jobs in November and the unemployment rate decreased compared to the prior month by 60 bps to 3.2%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- San Jose-Sunnyvale-Santa Clara, CA unemployment rate is 69 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in November versus prior month by -1.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Business Services: 252,100; +1,700
- Education & Healthcare: 178,600; -400
- Manufacturing: 173,600; -100
- Transportation & Utilities: 123,600; +3,400
- IT & Development: 111,500; -300
- Government: 93,100; +700
- Restaurants & Hotels: 80,200; +100
- Construction, Mining: 51,100; -400
- Financial Services: 37,200; -900
- Other Jobs: 24,300; -100
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.