11/23/2024

Santa Clara County has Nation’s Strongest Job Market–By Far

Santa Clara County boasts the nation’s strongest job market, and the South Bay region is No. 1 by a wide margin over its closest contenders, a new report out Tuesday from the federal government shows.

Over the 12 months that ended in July, total payroll employment in Santa Clara County increased 6.2 percent, by far the fastest pace of job growth in the United States, according to the federal Bureau of Labor Statistics.

The Tacoma-Lakewood area of Washington state was the next-strongest job market, with a gain of 5 percent in total jobs over the same one-year period.

Tied for third were the San Francisco-San Mateo County region and the Salt Lake City area, which both grew at an annual pace for job growth of 4.4 percent.

The top five strongest job markets was rounded out by the Orlando region in Florida and the Dallas-Irving-Plano area of Texas, both up 4.1 percent.

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