Tech Boom Reinforces the Thriving Job Market

May 4, 2016


SUNNYVALE, CA (May 4, 2016) – Silicon Valley has had another successful year as the Technology Boom helps propel the job market.

According to the California Employment Development Department (EDD), “In a year-over-year comparison (March 2015 to March 2016),…employment in California increased by 420,800 jobs (up 2.6 percent).”

Each quarter, West Valley Staffing Group (WVSG) surveys a wide range of Silicon Valley hiring managers about their upcoming hiring needs. The hiring managers come from many different industries, including high tech, manufacturing, electronics, finance, semiconductor, medical, aerospace, alternative energy, and more. Each participant is asked, "Do you expect your hiring needs to increase, remain steady, or decrease in the future?" This survey is unique and exclusive to Silicon Valley!

Over one thousand hiring managers were surveyed this quarter, with 93% predicting a hiring increase or expecting to remain steady during the second quarter of 2016.  Only 7% of hiring managers expect their hiring needs to decrease. 

 “The tech-boom is becoming a tech-fever,” said Charlie Allport, Executive Vice President of WVSG. “Just as the gold rush attracted people to California, the tech-boom now entices individuals to Silicon Valley for a better future.”

As the tech industry continues to heat up, it is reinforcing the growth of the economy.  According to the US Bureau of Labor Statistics; employment continues to see a steep rise.  More and more great opportunities become available as the job market continues to flourish.

 


2016 Quarter 2 Economic Forecast Survey Results

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For additional information about the economic data above, or to participate in future Silicon Valley Economic Surveys, call us at 408.735.1420, or visit us online at www.westvalley.com.

West Valley Staffing Group (WVSG), an independent and privately owned staffing agency, brings nearly 50 years of experience providing comprehensive staffing solutions - through four specialty companies. Established in 1968 as West Valley Engineering, the company was one of the first in the valley to offer temporary technical services to Silicon Valley companies.  In 1984, Prostar Staffing was founded to provide clerical and administrative personnel to the growing number of companies in the area.  In 1995, West Valley Technology and Accountants Now! were founded to satisfy the demand for specialized information technology and accounting professionals, respectively. Today, all four specialty companies fall under the umbrella organization, WVSG, which has offices in Sunnyvale, Pleasanton, and beyond.

If you would like more information, or to schedule an interview with the President and CEO of WVSG, Mike Williams, please contact Mary Tran at mtran@westvalley.com.

West Valley Staffing Group conducts extensive research on hiring and employment trends through our ongoing surveys of executives and hiring managers. Please contact Mary Tran for more information:

West Valley Staffing Group
390 Potrero Avenue
Sunnyvale, CA  94085

Media Contact: Mary Tran
(408) 735-1420 ext. 3023
mtran@westvalley.com

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