Monday, July 2, 2018

San Jose's economy continues to amaze

We are now at an all-time high when it comes to the state of the economy. Business Insider once again ranked San Jose as the #1 metro in the US when it comes to economic performance (GDP growth was an astounding 6.9%). In the first half of 2018, San Jose companies received about $400 million in venture funding through 14 different deals. Oh, and our unemployment rate is a jaw-dropping 2.4%. The only other time we were ever in that zone was during the .Com shenanigans of 1999-2000. In fact, we have added over 70,000 jobs in the past 8 years, which more than makes up for the 35,000 jobs lost during the Great Recession.

Yes, it is very expensive to live here and traffic is horrible. However, the root cause of these two issues is a positive thing--our economy is at its pinnacle. 

Source: SJEconomy

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