Cloud computing, apps power jobs growth in Silicon Valley
Silicon Valley is creating jobs and wealth for highly skilled workers but may be leaving some residents behind as employment closes in on pre-Great Recession levels, according to a report released Tuesday.
The 2012 Silicon Valley Index found job growth in the high-tech hub far outpaced America as a whole last year. The region added 42,000 jobs, a jump of nearly 4 percent, compared with a nationwide increase of little more than 1 percent. The current unemployment rate in the region stands at 8.3 percent, the same as the national average but well below the overall state rate of 10.9 percent.
Job growth occurred in all major sectors of the Silicon Valley economy except manufacturing. Key industries adding jobs included cloud computing, mobile devices, mobile apps, Internet companies and social media…