South Bay among best U.S. job markets
The South Bay remains one of the nation's hottest job markets, coming in second only to the Houston region for employment growth during the most recent 12 months.
Santa Clara County job totals increased 3.5 percent during the one-year period that ended in October, according to a new report from the U.S. Bureau of Labor Statistics.
The Houston-Sugar Land-Baytown region in Texas was the nation's top job market, growing by 3.6 percent during the 12 months. Austin, Texas, tied the South Bay at No. 2.
The San Francisco-San Mateo-Marin metro region was close behind, with an annual growth rate of 3.4 percent.
The East Bay produced a growth rate over the one year of 2 percent, labor officials said.
Workday slumps despite good results
Pleasanton-based Workday saw its shares plunge nearly 3 percent Thursday, despite a third-quarter financial report and a fourth-quarter outlook that both beat Wall Street's views.
Workday slid 2.8 percent and finished at $51.70 a share.
The quarterly report was the first since the $637 million initial public offering Oct. 11 for Workday, a maker of cloud-based software to help companies and other organizations manage their workforce.
Through the end of regular trading on Thursday, Workday's shares are up 85 percent since going public.
A growing number of companies are switching to Workday to help them handle their employees.
Bioscience, medical jobs get federal boost
A group of congressional representatives from Alameda County and Contra Costa County announced a $2.2 million investment by five federal agencies to help create jobs in bioscience and medicine.
The Advanced Manufacturing Medical and Biosciences Pipeline for Economic Development will use the money to help set up a web of innovation in the East Bay, the members of the House of Representatives said.
The pipeline will be used to encourage technology transfer, economic development and workforce development in the region.
The Contra Costa Workforce Development Board, the East Bay Economic Development Alliance, UC Berkeley and Laney College are among the organizations leading the job creation effort.