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Growing Economy Spurs Expansion in Manufacturing Industry
Apr 12, 2017:SUNNYVALE, CA (April 12, 2017) – As the economy improves, manufacturers have expanded in order to meet growing demand, particularly in the field of electronics.
According to the California Employment Development Department (EDD), “California’s unemployment rate fell to 5.1 percent and the state’s employers added 9,700…jobs in January.”
“An uptick in the economy is always encouraging,” said Charlie Allport, Executive Vice President of WVSG, “and the fact that, according to the latest “Manufacturing ISM Report on Business,” the manufacturing industry is growing, especially in electronics, only serves to increase optimism for the future here in Silicon Valley.”
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 94% predicting a hiring increase or expecting to remain steady during the second quarter of 2017. Only 6% of hiring managers expect their hiring needs to decrease.
As economic growth continues, California’s various industries thrive. Employment opportunities continue to rise, while unemployment numbers dwindle. All of this equates to continuous and consistent strength in California’s job markets, which in turn indicates prosperity for the state’s various industries. This prosperity is bolstered by an increase in demand for an assortment of consumer products, and also in turn by amplified demand for workers to manufacture those products. Silicon Valley’s famed electronics sector has flourished under these desirable conditions, enjoying an increased labor force and reduced unemployment rates. This positive trend is carried on from the first quarter of the year, setting a positive tone for what is to come.
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