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Bay Area Becomes 4-Million-Job Economy


Source: mercurynews.com | Re-Post MNM Partners, LLC 10/4/2018 – 

For the first time in its history, the Bay Area has more than 4 million jobs, powered by a continuing economic boom in the nine-county region that in August produced the most robust month for hiring in more than two years, state labor reports revealed Friday.

“It’s a great milestone for the Bay Area to reach 4 million jobs,” said Robert Kleinhenz. economist and executive director of research for Beacon Economics. “Growth in the Bay Area has been fed, and continues to be fed, by the technology sector.”

Santa Clara County, the East Bay and the San Francisco metro region all posted sturdy employment gains last month as the Bay Area added 12,900 payroll jobs, the state’s Employment Development Department reported. That boost marked the region’s 16th consecutive month of job gains.

The East Bay led the surge, adding 5,600 positions, Santa Clara County gained 2,500 jobs, and the San Francisco-San Mateo metro region added 2,300 jobs in August, EDD figures showed. All the numbers were adjusted for seasonal variations.

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