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Bay Area soars to big October job gains — but tech layoffs loom

The sun sets behind San Francisco skyline as traffic moves during the rush hour on both directions of I-580 in Oakland, Calif., on Thursday, Nov. 10, 2022. (Ray Chavez/Bay Area News Group)

Bay Area soars to big October job gains — but tech layoffs loom
Latest jobs report was compiled during period prior to tech company layoff announcements


The Bay Area job market powered to its strongest employment gains in three months during October — although the upswing occurred before some of the area’s biggest tech companies began to reveal layoffs in a painful retrenchment.

Employers in the Bay Area added 17,600 jobs in October, led by robust hiring in Santa Clara County, the San Francisco-San Mateo region and the East Bay, which represented the strongest job gains since July, the state Employment Development Department reported Friday.

California gained 56,700 jobs last month, the report showed. That number also represented the largest surge in hiring statewide in three months, according to the EDD.

The statewide unemployment rate worsened slightly by increasing to 4% in October, up from 3.8% in September, which was the lowest on record for the benchmark.