Silicon Valley adds 4,000 new jobs in June

Valley adds 4,000 new jobs in June

Silicon Valley/San Jose Business Journal - 2:56 PM PDT Friday, July 21, 2006



Silicon Valley employers added 4,000 names to their payrolls in June, according to a report released Friday.

California's Employment Development Department reported that the total number of employed in Santa Clara and San Benito counties is 882,900, an increase of a half percent over last June.

Leisure and hospitality picked up 1,900 jobs over the past 12 months, with nearly three-quarters of those in food and beverage services.

Trade, transportation and utilities had a gain of 1,100 jobs. Private educational and health services boosted payrolls by 1,100 jobs, primarily at colleges, universities and professional schools.

Since June 2005, the computer and electronic products manufacturing sector lost 900 jobs. At the same time, a gain of 900 jobs was seen in the Internet service provider and Web search portal sector.

The valley's unemployment rate was 5 percent in June, up from 4.4 percent in May but down from 5.7 percent a year ago.

Monterey County had 202,700 employed in June out of a total possible work force of 214,600. In June last year, the county had 207,000 employed out of a possible 219,300.

Santa Cruz County had 140,300 employed out of a possible work force of 147,800. Last June, there were 139,700 employed out of a possible 147,600.

For the entire state, June's unemployment rate was 4.9 percent compared to a national rate of 4.8 percent.