Unemployment continues to drop in Silicon Valley, with tech driving recovery

UNEMPLOYMENT CONTINUES TO drop in Silicon Valley, but the recovery remains lopsided for certain industries.

The unemployment rate in the South Bay dropped half a percentage point to 3.1 percent between mid-October and mid-November, according to a recent report from Joint Venture Silicon Valley’s Institute for Regional Studies. This is within 0.3 percent of the March 2020 unemployment rate before the COVID-19 pandemic upended the region.