Silicon Valley's unemployment rate dropped again last month to a stellar 5.4% (5.3% if you eliminate San Benito County, not sure why it is included in these figures). This is down from 6.3% in March. This confirms what many of us already know, the local job market is on fire--in a good way.
How does that 5.4% compare? California's average unemployment rate is 7.3% and the nation's unemployment rate is 5.9%. This means we are outperforming both the state and country in terms of the jobs market.