Northern News

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A publication of the American Planning Association, California Chapter, Northern Section

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Bay Area employment tops 4.1 million jobs for first time

Excerpts from a Mercury News article by George Avalos, September 21, 2019

“The Bay Area added 5,100 [non-farm payroll] jobs during August. The upswing was led by the region’s three major employment hubs, the South Bay, East Bay, and San Francisco-San Mateo region, the state’s Employment Development Department reported. Mark Vitner, senior economist with San Francisco-based Wells Fargo Bank, said ‘The region continues to be on a roll because the tech sector is the fastest growing part of the economy.’

“The Bay Area’s job market growth has outpaced the state and the nation. Over the one-year period that ended in August, job totals grew by 2.5 percent in the Bay Area [even with job losses of 1,900 in Sonoma, Napa, and Marin Counties. That compares to a 1.4 percent gain nationally and 1.8 percent in California.]

“[This is] the first time, the Bay Area has had more than 4.1 million non-farm payroll jobs. The last time the nine-county region suffered a job loss was in October 2018, EDD statistics show.

“Plus, the types of jobs appearing in the South Bay and San Mateo regions are well-paying tech positions. It appears the tech sector has yet to cool off in the Bay Area, said Stephen Levy, director of the Palo Alto-based Center for Continuing Study of the California Economy. ‘The job growth in these areas is fantastically positive in terms of income gains,’ Levy said. ‘They are information jobs, professional, scientific, and technical positions, tech jobs, categories that are higher-paying and faster-growing.’ ”

Read the full article here.