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Biz Break: Silicon Valley job market strongest in U.S.

Orig Post www.mercurynews.com | Re-Post MNM Partners, LLC 10/6/2015

Traders Edward Curran, left, and Robert Arciero work on the floor of the New York Stock Exchange, Friday, Oct. 2, 2015. A weak report on the U.S. jobs market is sending the stock market and the dollar sharply lower in early trading. (AP Photo/Richard Drew)

Today: Santa Clara County is the strongest job market in the nation, fueled by a technology boom that isn’t letting up, according to a report from the U.S. Bureau of Labor Statistics, that showed over the 12 months that ended in August, total payroll employment in Santa Clara County expanded by 5.5 percent.

THE LEAD: SILICON VALLEY REMAINS NATION’S STRONGEST JOB MARKET

Santa Clara County is the strongest job market in the nation, fueled by a technology boom that isn’t letting up, according to a report from the U.S. Bureau of Labor Statistics.Over the 12 months that ended in August, total payroll employment in Santa Clara County expanded by 5.5 percent. That was the best job growth among the 51 metro areas in the nation with at least 1 million residents or more.

The South Bay also is the only metro area with an annual rate of job growth of 5 percent or more. No. 2 on the list was the San Francisco-San Mateo region with an increase of 4.6 percent over the 12 months ending in August.

Charlotte-Gastonia-Concord, N.C. and Portland, Ore. were tied for No. 3, each with a 4 percent gain. The East Bay posted a gain of 1.9 percent over the year.

Santa Clara County is now 10,600 jobs below the all-time record for employment that the region set in December 2000, when the region had 1,075,600 non-farm payroll jobs.

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