Silicon Valley's unemployment rate has inched up, but industries like hospitality and restaurants are still seeing growth despite employment fluctuating throughout the region.
Russell Hancock, CEO of Joint Venture Silicon Valley, said residents shouldn't be worried about the gradual uptick. The region's unemployment rate is still lower than the state at 4.8 percent and the nation at 3.6 percent. According to the report, San Mateo County holds the lowest unemployment rate in California, andis tied with Orange County for the fourth-lowest unemployment rate among California counties.
Hancock said he couldn't pinpoint the factors that contributed to the rise because the unemployment rate is unpredictable and isn't seasonal.
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