SAN JOSE — The tech boom enabled Silicon Valley’s job market to rebound strongly in 2021 and banish much of the coronavirus job losses — but the region last year suffered sharply rising inflation, a new report has found.
The latest reading on the economy in Silicon Valley, defined as Santa Clara County, southern Alameda County, San Mateo County and the Scotts Valley region of Santa Cruz County, was released on Tuesday by Joint Venture Silicon Valley as part of its 2022 Silicon Valley Index report.
“We have recovered,” said Russell Hancock, president of Joint Venture Silicon Valley, a think tank. “Our unemployment figures are back down to where they were before the pandemic.”
