After Facebook’s botched initial public offering, observers feared that Silicon Valley would plunge into a downturn. But in June, the Bay Area job market came back in a big way, adding 16,900 jobs.
If it seems like it might be getting tougher to hire employees in the tech sector, where there’s always a war for the best talent, this could explain why.
The nine-county Bay Area region — which includes San Francisco, San Jose, Oakland, and surrounding cities — produced its best one-month job growth since September 2011. It was buoyed by tech jobs and growth in the East Bay, Michael Bernick, a research fellow with the Milken Institute, told the San Jose Mercury News. He said that tech firms, social media companies, and internet commerce companies are leading the recovery.
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