Data Source:

BW Research

United States Bureau of Labor Statistics, Quarterly Census of Employment and Wages

JobsEQ

Silicon Valley Business Journal

LinkedIn

Analysis:

BW Research

Silicon Valley Institute for Regional Studies

Silicon Valley and San Francisco average annual employment estimates as of the second quarter from the United States Bureau of Labor Statistics Quarterly Census of Employment and Wages, and includes the entire city-defined Silicon Valley region. Silicon Valley includes the city-defined region. Data for Q2 of 2024 was estimated at the industry level by BW Research using Q1 2024 QCEW data and updated based on Q2 2024 reported growth and totals, and modified slightly by JobsEQ, which removes suppressions and reorganizes public sector employment. Community Infrastructure & Services includes Healthcare & Social Services (including state and local government jobs); Retail; Accommodation & Food Services; Education (including state and local government jobs); Construction; Local Government Administration; Transportation; Banking & Financial Services; Arts, Entertainment & Recreation; Personal Services; Federal Government Administration; Nonprofits; Insurance Services; State Government Administration; Warehousing & Storage; and Utilities (including state and local government jobs). Innovation and Information Products & Services includes Computer Hardware Design & Manufacturing; Semiconductors & related Equipment Manufacturing; Internet & Information Services; Technical Research & Development (Include Life Sciences); Software; Telecommunications Manufacturing & Services; Instrument Manufacturing (Navigation, Measuring & Electromedical); Pharmaceuticals (Life Sciences); Other Media & Broadcasting, including Publishing; Medical Devices (Life Sciences); Biotechnology (Life Sciences); and I.T. Repair Services. Business Infrastructure & Services includes Wholesale Trade; Personnel & Accounting Services; Administrative Services; Technical & Management Consulting Services; Facilities; Management Offices; Design, Architecture & Engineering Services; Goods Movement; Legal; Investment & Employer Insurance Services; and Marketing, Advertising & Public Relations. Other Manufacturing includes Primary & Fabricated Metal Manufacturing; Machinery & Related Equipment Manufacturing; Other Manufacturing; Transportation Manufacturing including Aerospace & Defense; Food & Beverage Manufacturing; Textiles, Apparel, Wood & Furniture Manufacturing; and Petroleum and Chemical Manufacturing (Not in Life Sciences). Tech Employment data by company are for July 2024. They are primarily estimates obtained from LinkedIn, supplemented by data from the Silicon Valley Business Journal and corporate filings such as EEO-1 reports as available, or estimates based on data closest in time to analyzed period. Employment and location from LinkedIn is self-reported and may include a range of professional affiliations, including non-salaried employees, contractors, or board members. U.S. regions represent LinkedIn-defined metro areas or ‘greater’ regions around a particular city. Tech companies currently included in analysis are (ranked by Bay Area headcount) Google, Apple, Meta, Amazon, Cisco, Tesla, Nvidia, Oracle, Salesforce, Intel, LinkedIn, Adobe, Applied Materials, Microsoft, Uber, Intuit, Gilead, Lockheed Martin, Western Digital, and HP Inc.

Share of Total Employment, by Major Areas of Economic Activity and Mid-Year Employment Levels, by Major Areas of Economic Activity:
Definitions of the major areas of economic activity are included in Appendix A.
*excludes Computer Hardware, Semiconductors & Related Equipment, and Instruments (Navigation, Measuring & Electromedical).

Employment Growth by Major Areas of Economic Activity:
Percent change is from Q2 to Q2. Definitions of the major areas of economic activity are included in Appendix A.
*excludes Computer Hardware, Semiconductors & Related Equipment, and Instruments (Navigation, Measuring & Electromedical).

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