SFCED | San Francisco Center for Economic Development


Bay Area Gains Jobs

California added 30,000 payroll jobs during September, a marked slowdown from August, when employers added 48,400 jobs. The state’s jobless rate was 5.5 percent during September, unchanged from August. Despite September’s cooler pace of expansion, California still accounted for 20 percent of the 156,000 jobs created nationwide.

The San Francisco-San Mateo region gained 1,500 tech jobs and 2,300 support jobs. Experts believe the overall strength of the Bay Area employment market, combined with rising wages, could encourage job seekers who had given up on finding work.

Bay Area Gains Jobs“The recovery is not only bringing residents back into the workforce, it is reaching areas of the state previously left behind,” said Stephen Levy, director of the Palo Alto-based Center for Continuing Study of the California Economy. “All major regions are now solidly above pre-recession peaks.”

The slower pace of job gains doesn’t mean the Bay Area is headed for a recession or even a downturn. Experts believe Santa Clara County, the East Bay and the San Francisco-San Mateo region can all expect ongoing employment growth.

Read more: The Mercury News Bay Area gains jobs, but employment picture may be cooling