‘…San Francisco is at 3.6 percent.’
The Bay Area job market is so robust that this region has reached full employment, and California should reach that condition by sometime in the second half of 2016, according to an economist with the UCLA Anderson Forecast, which released a new quarterly report Monday.
Jobless rates that have shrinking and employment gains that have expanded steadily, along with a surging economy, are the primary conditions that are pointing to a full employment picture for the nine-county Bay Area, said Jerry Nickelsburg, senior economist with the UCLA Anderson Forecast.
“The Bay Area is at full employment,” Nickelsburg said. “Look at the unemployment rate in Santa Clara County and the San Francisco metro area. Santa Clara County is at around 4 percent, San Mateo County is at 3.3 percent, San Francisco is at 3.6 percent.”
Read more: San Jose Mercury News Bay Area reaches full employment: UCLA Anderson Forecast