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What's Happening Now

Back-to-school season returns. So do the costs.

scale with books on lighter side and dollar sign on heavier sideAugust 13, 2026 - Silicon Valley families are facing some of the highest back-to-school costs in the nation — at a time when 65% say they have to cut back on necessities to make ends meet. Although California schools are required to provide instructional materials, the requirement does not extend to school supplies or participation in after-school activities.

While more than a dozen states offer back-to-school sales tax holidays on qualifying purchases, California is not among them — and it is not clear that lower-income families would realize substantial benefits.

Read the report: Back-to-school costs

Unemployment holds steady as jobs in healthcare rebound

August 12, 2026 - Silicon Valley’s unemployment rate is holding steady at 3.9%, according to data from June 2026, the most recent month available. This rate is among the lowest in the state — slightly higher than in San Francisco, but lower than in California or the United States overall.

June’s numbers are accompanied by strong gains in the healthcare industry, which has added more jobs than any other sector — 22.6% since before the pandemic. Arts, entertainment, and recreation have also seen significant gains, bettering their pre-pandemic position by nearly 11%.

Read the report: Silicon Valley employment data

Why does school funding vary across Silicon Valley?

elementary school children learning at their desks in a classroomJuly 20, 2026 - California’s school finance system delivers uneven funding results for Silicon Valley school districts. Some receive close to 90% of their revenues from local sources, while others — despite serving students just a few miles away — must rely heavily on state and federal funding. The disparities fuel ongoing debate about the tradeoffs between local control and educational equity.

In a new analysis, Joint Venture research affiliate T. F. Tierney traces the historical decisions that shaped the state’s school finance system and reviews alternatives for change.

Read more: Where you live, where you learn

See the trends shaping Silicon Valley — one post at a time

Indicator Insights

For years, you’ve relied on the neutral, nonpartisan Silicon Valley Index to track more than 150 key indicators surrounding the region’s economy and quality of life.

These data tell an important story — and now, we’re sharing it weekly. Want to know what’s really happening in our region? Tap below to visit Joint Venture Silicon Valley and subscribe.

Each Wednesday, one carefully chosen data point will land at your fingertips, chosen to drive the conversations that move Silicon Valley forward. Subscribe today — see where the data will lead you.

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2026 Silicon Valley Index: Hot Engine, Stalled Growth

cover imageThe 2026 Silicon Valley Index shows $92 billion in venture capital, more than 23,000 new patents, and hundreds of unicorns driving productivity. But with median home prices nearing $2 million and a quarter of households unable to meet basic needs, the gulf between Silicon Valley’s sky-high output and life on the ground remains clear.

“The economy has kept its pace,” said Russell Hancock, Joint Venture chief. “But it’s really tense out there.”

Download the Index and dive into more than 150 indicators charting Silicon Valley’s people, economy, society, place, and governance, available now.

Download the Index | Read the news release

The Silicon Valley Poll: Taking the Valley’s pulse

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If the Silicon Valley Index is the region’s annual checkup, the Silicon Valley Poll is its therapy session — revealing not just what’s happening, but how people feel about it.

Carried out each August by the Silicon Valley Institute for Regional Studies in partnership with Bay Area News Group, the Poll captures public sentiment from a representative sample of Bay Area adults across five counties. Results are weighted for accuracy, with a modeled margin of error of 2.6%. Widely covered and closely watched, the Poll offers essential insight, informing decision-making and guiding the region’s future.

Download the most recent Silicon Valley Poll

Silicon Valley Indicators: All the data at your fingertips

indicators home page Stay informed and dive deeper into Silicon Valley’s story at www.siliconvalleyindicators.org — where you can find all the data, all in one place. Use the dashboard to find more than 150 unique datasets across five key categories: People, Economy, Society, Place, and Governance.

Discover trends across a wide range of topics—including venture capital, patents, housing, climate, and more. Powered by the Silicon Valley Institute for Regional Studies, the website utilizes advanced methodologies to provide deeper insight and inform decision-making, while linking users back to local, regional, and national sources.

What is Joint Venture Silicon Valley?

Joint Venture Silicon Valley is a think tank created and supported by the major sectors (business, government, labor and academia). Through the Institute for Regional Studies, the organization provides research assessing the Valley's challenges and opportunities; Joint Venture is also a platform where leaders develop shared priorities and take collaborative action.

Learn more

Top Videos

The 2026 Silicon Valley Index briefings

Joint Venture CEO Russell Hancock summarized the major findings from the 2026 Silicon Valley Index in two long-format briefings, one detailing the health of the Silicon Valley economy and the innovation ecosystem; the other reviewing the Valley’s community health. Rather than employ panelists, Hancock enlisted regional luminaries to contribute to dialogue in their area of expertise.

Joint Venture’s 2026 State of the Valley conference was held on February 27 at San José State University. You can view the full playlist on our YouTube channel.

Top Downloads

2026 Silicon Valley Index

Download PDF The 2026 Silicon Valley Index shows $92 billion in venture capital, more than 23,000 new patents, and hundreds of unicorns driving productivity. But with median home prices nearing $2 million and a quarter of households unable to meet basic needs, the gulf between Silicon Valley’s sky-high output and life on the ground remains clear.

Learn more about the Silicon Valley Index online at siliconvalleyindicators.org.

Read the news release Download the report

2025 Silicon Valley Poll

report cover The 2025 Silicon Valley Poll reveals growing optimism about life in the Bay Area, even as respondents voice concerns about the direction of national and state policies.

Download the report View the data

Commercial Space Report Q1 - May 2026

cover Office vacancies have climbed above dot-com-era highs, asking rents continue to decline across all major space types, and commercial development has slowed to its lowest level in over a decade. At the same time, leasing activity is on track to record its highest volume since 2022, driven by expansion in research and development and flex space.

Joint Venture’s Q1 2026 market update — released in partnership with JLL Silicon Valley — breaks down the latest trends shaping Silicon Valley’s commercial real estate landscape, including vacancies, rents, leasing activity, and development.

Download the report

In the News

August 12, 2026 - (San Jose Spotlight) - Silicon Valley Tech Layoffs - Russell Hancock, CEO and president of Joint Venture Silicon Valley, described the current economy as a “paradox.” "The engine is hot, but it's not translating into job growth. More.

August 11, 2026 - (Palo Alto Online) - Tech Layoffs in 2026 Already Nearing 2025 Total - The layoffs are on pace to be the worst in the tech industry since 2023,. according to Joint Venture Silicon Valley. The analysis was conducted by Danny Wessler, a senior researcher at the think tank. More.

August 6, 2026 - (Silicon Valley Business Journal) - Structures Forum Set as Commercial Property Sector Eyes New Era - Joint Venture Silicon Valley CEO Russell Hancock was the keynote speaker at SVBJ's Workforce Development event in 2024. More.

August 4, 2026 - (Spectrum) - OpenAI Settles Worker Discrimination Case - According to the 2025 Silicon Valley Index from the Joint Venture Silicon Valley think tank, 65% of technology workers in the San Francisco Bay Area tech hub are foreign born. More.

July 24, 2026 - (Silicon Valley Business Journal) - Silicon Valley Posts Weakest Home-Price Growth Amid Layoffs - Russell Hancock, president and CEO of regional think tank Joint Venture Silicon Valley, said the price declines stand out after years in which the region’s housing market appeared to defy gravity. More.

July 24, 2026 - (Yahoo! News) - OpenAI Models Hack Company - Every new technology has its perils and its pitfalls, and every new technology has to be refined, and that seems to be what's going on here, Joint Venture Silicon Valley CEO Russell Hancock said.” More.

July 23, 2026 - (San Jose Mercury News) - OpenAI Models Break Out of Test Environment - Russell Hancock, CEO of think tank Joint Venture Silicon Valley, said his first reaction upon learning of the breach was, “Oh my gosh, this is it, we’re doomed.” More.

July 21, 2026 - (San Jose Mercury News) - Google Renews Leases for Millions of Square Feet - “Google could easily build out capacity and hire anywhere they choose, including places like North Carolina or Texas or Miami,” said Russell Hancock, president of Joint Venture Silicon Valley. More.

July 17, 2026 - (San Jose Mercury News) - Bay Area and California Lost Jobs in June - We’re in a period of slow growth or no growth, and even shrinking,” said Russell Hancock, president of Joint Venture Silicon Valley. More.

July 6, 2026 - (San Jose Mercury News) - Commercial Real Estate Woes Weight on Santa Clara Property Values - Russell Hancock, president of Joint Venture Silicon Valley, said ongoing growth is a hopeful sign. Still, some unpleasant times may loom for entities depending on property tax revenue. More.