Silicon Valley unemployement continues to drop

Our job market has been holding up quite well in 2016. Unemployment ticket up a bit in the summer months, but has now dropped back below 4%.

At 3.8%, the current San Jose metro job market is stronger than at any point in 2015. This is quite surprising given how conservative investment has become this year. Silicon Valley is significantly outperforming both the United States (4.7%) and California as a whole (5.3%).

Source: SVBJ