August 18, 2023 – The unemployment rate in Silicon Valley dropped slightly to 3.4% in July. This follows two straight months of increases, according to analysis by Joint Venture’s Institute for Regional Studies.
July 24, 2023 – The unemployment rate in Silicon Valley reached its highest level (3.5%) since October of 2021, when it was 3.8%. This follows a slight increase during the month prior (from mid-April to mid-May), according to an analysis by Joint Venture’s Institute for Regional Studies.
June 20, 2023 – The unemployment rate in Silicon Valley ticked back up to 3.0% in May, following a slight decrease from mid-March to mid-April.
May 19, 2023 – The unemployment rate in Silicon Valley decreased month-to-month to 2.8% in April for the first time in 2023, following a slight increase from mid-February to mid-March.
Q1 2023 - New efficiencies at Silicon Valley companies are resulting in additional space available for sublease, according to the First Quarter Commercial Space Report from the Institute for Regional Studies.
April 21, 2023 – The unemployment rate in Silicon Valley increased slightly in March to 3.1%. The highest since January of 2022, when it sat at 3.2%. San Mateo County has maintained the lowest rate since February.
March 28, 2023 – The unemployment rate in Silicon Valley increased again in February to 3.0%, following a rise of 0.9 percentage points from mid-December 2022 to mid-January 2023, according to analysis by Joint Venture Silicon Valley’s Institute for Regional Studies.
February 15, 2023 - Silicon Valley is perched on solid ground despite growing income and wealth divides, persistent racial inequities, and a dwindling population, according to the 2023 Silicon Valley Index. The Index shows that population declined by tens of thousands, home prices rose by 7%, childcare costs rose twice as quickly as inflation, and wages were inadequate for the rising cost of living. “We see hundreds of thousands of meals required of our region’s food bank, and childcare cost rising twice as quickly as everything else,” said Rachel Massaro, Director of Research for the Institute.
Learn more about the Silicon Valley Index online at www.siliconvalleyindicators.org.
January 20, 2023 – The unemployment rate in Silicon Valley decreased in December to 2.0%, the largest drop in the unemployment rate since the period from March to April 2022.
December 16, 2022 – The unemployment rate in the Silicon Valley increased to 2.3% in November, returning to the level last recorded in August of this year, according to analysis by Joint Venture’s Institute for Regional Studies.
The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues.
Get comprehensive information and data about Silicon Valley’s economic and community health at siliconvalleyindicators.org.
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