Silicon Valley Q1 2014 Market Research Report
The economy was stable during the first quarter of 2014 posting moderate gains. Both the S&P 500 and the Nasdaq recorded their fifth straight quarter of gains. However moderate, it is a sign that the economy is off to a good start in 2014. The number of workers employed in the US reached 116 million people in March according to the Bureau of Labor Statistics, the highest number for private-sector payrolls since January 2008. In other words, the US has finally made up the 8.8 million jobs lost by the private sector during the great recession that began at the tail end of 2007. Here in the Silicon Valley, total employment rose by 41,200 jobs, or 4.4%, over the twelve month period between February 2013 and February 2014.
To read more, download the full Q1 San Jose-Silicon Valley Quarterly Report & Forecast.