June 17, 2022 – The unemployment rate in the Silicon Valley region decreased to 1.8% in May, lower than any other month over the past three decades.
May 20, 2022 - The unemployment rate in the Silicon Valley region decreased to 2.05%, slightly above the previous low of 1.97% in December 1999.
Q1 2022 - Released quarterly in partnership with JLL, the Q1 2022 report noted Silicon Valley’s largest tech companies may have overcome pandemic-related setbacks in their return-to-office planning.
April 15, 2022 - The unemployment rate in the Silicon Valley region decreased to 2.4%, falling to less than half of what it was a year ago (5.6% in March 2021).
March 25, 2022 - The unemployment rate in the Silicon Valley region decreased to 2.8%, below the 2.9% unemployment rate in March 2020.
March 11, 2022 - The unemployment rate in Silicon Valley increased to 3.2% in January 2022 due in part to a drop in seasonal employment and the significant spike in COVID cases.
February 15, 2022 - An incongruous set of contradictions are still a common theme in Silicon Valley, according to the 2022 Silicon Valley Index, released by Joint Venture’s Institute for Regional Studies. Employment rebounded to pre-pandemic numbers and tech jobs went up 4%. VC hit new records, start-ups were brisk, and there were more IPOs than in any other year this century. Yet, health and wealth disparities were stratified by race and ethnicity.
Learn more about the Silicon Valley Index online at www.siliconvalleyindicators.org.
January 21, 2022 - The employment rate in the Silicon Valley region is now on par with mid-March 2020, just prior to shelter-in-place orders for the Bay Area. Silicon Valley employers added more than 10,300 workers between mid-November and mid-December and the unemployment rate dropped to 2.9%, according to analysis by Joint Venture’s Institute for Regional Studies.
December 17, 2021 – Silicon Valley employers added nearly 13,000 workers between mid-October and mid-November, while the unemployment rate dropped to 3.1%, according to analysis by Joint Venture’s Institute for Regional Studies.
November 19, 2021 – Silicon Valley employers added 13,000 workers between mid-September and mid-October and the unemployment rate dropped slightly to 3.7%, according to analysis by Joint Venture’s Institute for Regional Studies. The drop in unemployment is much slower than the change experienced from August to September, when the unemployment rate dropped by 0.8 percentage points (from 4.7% to 3.9%).
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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