Not the real story…unemployment still down.
SAN JOSE-SUNNYVALE-SANTA CLARA METROPOLITAN STATISTICAL AREA (MSA)
(SAN BENITO AND SANTA CLARA COUNTIES)
Seasonal trends dominated month-over job scene
The unemployment rate in the San Jose-Sunnyvale-Santa Clara MSA was 3.6 percent in
February 2017, down from a revised 3.7 percent in January 2017, and below the year-ago
estimate of 4.0 percent. This compares with an unadjusted unemployment rate of 5.2 percent
for California and 4.9 percent for the nation during the same period. The unemployment rate
was 7.2 percent in San Benito County, and 3.5 percent in Santa Clara County.
Between January 2017 and February 2017, combined employment in the South Bay counties
of San Benito and Santa Clara rose by 2,000 jobs to reach 1,078,300.
• Private and public educational services increased seasonally, up by 2,200 jobs
combined over the month. Private schools gained 1,700 jobs, largely within private
colleges, universities, and professional schools (up 1,400 jobs). Meanwhile, public
schools added a net 500 jobs.
• Leisure and hospitality followed, adding 1,700 jobs seasonally. Employment in
restaurants (up 1,000 jobs) represented nearly three-fifths of that increase.
• Farming gained 1,000 jobs, in line with the cool season vegetable planting calendar.
• In contrast, trade, transportation, and utilities lost 4,100 jobs seasonally, much greater
than its average loss of 1,500 jobs at this time of year. Retail trade and wholesale trade
accounted for the bulk of the cutbacks, down by 2,700 jobs and 1,300 jobs, respectively.
Between February 2016 and February 2017, total employment in the San Jose-Sunnyvale-
Santa Clara MSA, which also includes San Benito County, expanded by 18,900 jobs, or
1.8 percent. Private nonfarm jobs rose by 1.7 percent, or 15,800 jobs, over the year.
• Leisure and hospitality led the year-over job gains, up by 5,500 jobs. Nearly half of the
increase occurred in food services and drinking places (up 2,600 jobs).
• Professional and business services rose by 3,600 jobs. Gains in both professional,
scientific, and technical services (up 4,800 jobs) and management of companies (up 200
jobs) more than offset a drop in administrative, support, and waste services (down
• Private educational and health services followed, also advancing by 3,600 jobs, primarily
in private health care (up 3,300 jobs).
• On the downside, trade, transportation, and utilities trimmed a net 2,100 jobs compared
Similar in San Mateo co.