San Jose, California

Economy

San Jose considers itself "the Capital of Silicon Valley." As such, its economy rises and falls with high-tech employment in the Bay Area. During the peak of the tech bubble, employment, housing prices, and traffic congestion peaked, but all eased as the economy slowed during the first few years of the 21st century. As of 2003, the city reported 355,000 jobs within the city limits and an unemployment rate of 8.7%. San Jose had the highest median household income of any place with a population over 300,000 in 2000.

Related Topics:
Silicon Valley - Tech bubble - Of any place - 2000

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The city lists 25 companies with 1,000 employees or more, including the headquarters of Adobe Systems, BEA Systems, Cisco, and eBay, as well as major facilities for Flextronics, Hewlett-Packard, IBM, Hitachi and Lockheed Martin. Sizable government employers include the city, Santa Clara County, and San José State University. http://www.sanjoseca.gov/planning/factsheet/employment.html

Related Topics:
Adobe Systems - BEA Systems - Cisco - EBay - Flextronics - Hewlett-Packard - IBM - Hitachi - Lockheed Martin - Santa Clara County - San José State University

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The cost of living in San Jose and the surrounding areas is among the highest in California and the nation; in the U.S. only New York City and San Francisco are more expensive. http://www.fedc.com/ACCRACostofLivingIndex2ndQuarter2004.htm Housing costs in the city are the primary reason for the high cost of living, although the costs in all areas tracked by ACCRA are above the national average. Despite the high cost of living, San Jose households have the highest disposable income of any large American city. San Jose residents produce more U.S. patents than any other city, the average worker productivity in San Jose is double the national average, and 35 percent of venture capital funds in the U.S. are invested in San Jose and Silicon Valley companies. http://www.mostlivable.org/cities/sanjose/home_accolades.html

Related Topics:
Cost of living - New York City - San Francisco - Disposable income - Patent - Venture capital

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