Silicon Valley unemployment rate continues to drop

Silicon Valley’s unemployment rate is the lowest since at least the start of 2013.

According to California’s Employment Development Department, the San Jose metro area’s unemployment rate was 3.7 percent in April, down from 3.9 in March and 4.1 in April 2015. The San Jose metro includes Santa Clara and San Benito counties.

And that means house price will continue its relentless rise.

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Unemployment isn’t the measure of house price if those people are leaving the Bay Area. Or living in San Jose’s homeless camp.