SUMMARY: This report highlights employment growth acceleration. It is based on indicators that measure the strength of our economy and community health.
TALKING POINTS:
- The Silicon Valley economy is going strong, with accelerating employment growth, continued expansion of businesses and services, and rising incomes.
- Employment levels have not only far surpassed pre-recession (up 11.5% since 2007) but job growth is accelerating.
- Income and wages in Silicon Valley remain significantly higher than in the state or nation as a whole.
- With rising employment levels, unemployment rates have decreased (dropping over the last six years) reaching 3.6% in November 2015.
DATE OF PUBLICATION: 2016
ABOUT THE RESEARCHERS: Joint Venture Silicon Valley
Established in 1993, Joint Venture Silicon Valley provides analysis and action on issues affecting our region’s economy and quality of life. The organization brings together established and emerging leaders – from business, government, academia, labor and the broader community – to spotlight issues, launch projects, and work toward innovative solutions.
Silicon Valley Institute for Regional Studies
Housed within Joint Venture Silicon Valley, the Silicon Valley Institute for Regional Studies provides research and analysis on Silicon Valley’s economy and society.