San Jose and Oakland area job markets tumble
mercurynews.com
San Jose and Oakland area job markets tumble
1–10 of 114 posts
Re: San Jose and Oakland area job markets tumble
#2My feeling is that Bay Area’s overall economy remains in good shape, but who knows?
Re: San Jose and Oakland area job markets tumble
#3These are likely seasonal job losses like retail or related. You have to do Year over Year comparisons for jobs. Month over month comparisons are misleading because of seasonality
Re: San Jose and Oakland area job markets tumble
#4I suppose it won't follow on rent pricing unfortunately.
Re: San Jose and Oakland area job markets tumble
#5could santa clara's large number be attributed to intel? also, cisco (san jose) seemed to do some layoffs along with the sun portion of oracle.
Re: San Jose and Oakland area job markets tumble
#6This press release seems less link-baity, and has a lot more data and context.
Re: San Jose and Oakland area job markets tumble
#7You need to read the whole article to get to the statement:
“Unemployment rates throughout the Bay Area are among the lowest in the state. Almost anywhere else in the country, the Bay Area’s job trends would be the envy of that region.”
Every downturn has to start somewhere, and maybe this is the beginning of a bad stretch, but the largest employers are doing fine based on stock prices. Apple, Alphabet, Cisco, Facebook all made new all-time highs within the last month (or week).
Here is the March 2017 unemployment report. 3.5% for Santa Clara County. And states that jobs are + 2,000 from January to February.
http://www.labormarketinfo.edd.ca.gov/file/lfmonth/sjos$pds....
Re: San Jose and Oakland area job markets tumble
#8> "“Investors are seeing the problems with a lot of these tech companies. And at some point, tech companies have to cut jobs.”"
This.
Re: San Jose and Oakland area job markets tumble
#9I suppose it won't follow on rent pricing unfortunately.
Rent prices actually are stagnant or falling: http://www.sfgate.com/rentals/article/Bay-Area-2017-rents-ar...
Re: San Jose and Oakland area job markets tumble
#10> "“Investors are seeing the problems with a lot of these tech companies. And at some point, tech companies have to cut jobs.”" This.
... is the time where if you don't have unique skills, it is time to find some.