Overall unemployment rate moved down to 4.0% with the biggest shift in Government, which gained 2,300 roles, based on the most recently available information published in November 2021.
Total employment in the San Jose-Sunnyvale-Santa Clara, CA market rose by 11,597 jobs in September and the unemployment rate decreased compared to the prior month by 80 bps to 4.0%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- San Jose-Sunnyvale-Santa Clara, CA unemployment rate is 56 bps below the national rate which is a positive sign.
- Unemployment in the market is 350 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 0.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Business Services: 246,000; +1,800
- Manufacturing: 174,100; +700
- Education & Healthcare: 173,300; -500
- Transportation & Utilities: 118,500; -600
- IT & Development: 110,300; -300
- Government: 89,300; +2,300
- Restaurants & Hotels: 79,400; +1,800
- Construction, Mining: 51,200; +600
- Financial Services: 37,100; -400
- Other Jobs: 24,900; -400
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.