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Silicon Valley : Industrial Snapshot - 1Q 2013

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Silicon Valley : Industrial Snapshot - 1Q 2013

Healthy employment growth in the high technology sector led to strong employment gains in Silicon Valley through March 2013, according to Moody’s Analytics’ latest estimates. Total employment grew by 2.7%
year-over-year for the creation of 24,000 new jobs with the high tech sector increasing by 2.2%. With strong employment growth, the area’s unemployment rate dropped to 7.6% in February 2013 from 9.2% one year ago, well below the state’s average of 9.7% and the U.S average of 8.1%.

Source : Cushman & Wakefield

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