San Jose ranked no. 3 for job postings per capita in the second quarter, despite a regionally high unemployment rate in May, and continued fallout from the housing collapse. Still, the tech industry is resilient, and Alan Berube, co-author of a recent Brookings report on metro area economies, has said the Bay Area economy may recover more quickly than the rest of the nation. The metropolitan San Jose economy has remained one of the strongest through the recession, according to the Brookings report.
Yeah the tech economy is doing just fine in the bay area and the local economy's significant ties to Asia help as well. LA on the other hand is going through a rough patch as trade is still way below earlier levels. Something like 1/4th of all containers arriving in the United States is processed through the LA ports. Construction is also a crucial part of the economy down here and we all know the kind of shape that industry is in. Not surprisingly the east bay, which is more dependent on construction and trade is fairing much worse than the rest of the bay area.
