SAN FRANCISCO (AP) - A report released yesterday says Silicon Valley is creating jobs and wealth for highly skilled workers, but may be leaving some residents behind as employment closes in on pre-Great Recession levels.
The 2012 Silicon Valley Index found growth in the high-tech hub far outpaced the country as a whole last year. The region added 42,000 jobs, a jump of nearly 4 percent, compared with a nationwide increase of little more than 1 percent.
The current unemployment rate in the region stands at 8.3 percent, the same as the national average, but well below the overall state rate of 10.9 percent.
Growth occurred in all major sectors of the Silicon Valley economy except manufacturing. Key industries adding jobs included cloud computing, mobile devices, mobile apps, Internet companies and social media. But mid-level jobs are lagging.
First Coast News