Solid Employment in Palo Alto: Latest Jobs Report

The countywide unemployment rate in February was the best it's been for that month in the past three years.

The unemployment rate in the South Bay is on a downward trend, according to data released Friday by the state Employment Development Department.

Santa Clara County's unemployment rate came in at 7.4 percent, well below the average for all of California (9.7 percent) and the national average of 8.1 percent.

Between January 2013 and February 2013, combined employment in South Bay counties of San Benito and Santa Clara grew by 6,600 jobs to reach 919,200, according to the EDD.

Palo Alto reported an unemployment rate of 3.9 percent while the worst showing was in Gilroy.

Santa Clara County Unemployment Data, Feb. 2013 Area Unemployment Rate # of People Employed # of Unemployed Campbell 6.3% 22,200 1,500 Cupertino 4.8% 24,500 1,200 Gilroy 11.2% 19,600 2,500 Los Altos
3.7% 13,000 500 Los Gatos
4.8% 15,500 800 Milpitas 7.6% 30,900 2,600
Mountain View 5.4% 42,000 2,400 Palo Alto 3.9% 32,000 1300 Saratoga 3.7% 13,600 500

Check out the PDF above for more details about local job trends.

Statewide, California’s unemployment rate decreased to 9.6 percent in February. That's down 0.2 percent from January. The year-over-year change (February 2012 to February 2013) shows an increase of 293,800 jobs, or up 2.1 percent.

The unemployment rate is derived from a federal survey of 5,500 California households.

How is the job market in the Silicon Valley? Were you looking for work in February? Did you find a job? Tell us in the comment section below.


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