The South Bay economy and job market are in “surprisingly good shape” in 2022, says Russell Hancock, president of Joint Venture Silicon Valley.
SAN JOSE — Russell Hancock, president of Joint Venture Silicon Valley, is keeping a close eye on the Bay Area’s economy, monitoring the signs of its strength and taking stock of the weaknesses exposed during the pandemic. think tank that he leads produces regular reports about the Silicon Valley economy and its job market, which help Hancock keep track of what’s going on in the region.
Those workers will come back to the Bay Area as restrictions are lifted and more work takes place in person. People may be floating around but the jobs have stayed here.In Silicon Valley, we have had a sum total of four companies that moved their headquarters out of California. Tesla, Oracle, HPE, Palantir. Four data points isn’t enough to call that a trend. And these four cases all have unique backstories.
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