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Silicon Valley Adds Tech Jobs as California Slump Deepens

Silicon Valley Adds Tech Jobs as California Economic Report Warns of Statewide Job Slump

Silicon Valley tech employment grew for the first time in years even as the broader California labor market contracted, according to a Beacon Economics regional report presented at the San Jose State University Economic Summit. South Bay tech jobs rose 0.6% over the past year, ending a seven-year decline, while the state posted the nation’s highest unemployment rate at 5.5%. Key Takeaways South Bay tech employment grew 0.6% over the past year, reversing a seven-year