Annual job growth in the combined San Francisco/Peninsula region outpaced the other two metropolitan divisions of the Bay Area, according to a report by economic advisory firm Beacon Economics.
Total nonfarm employment grew by 3.5 in San Francisco and San Mateo County between October 2018 and October 2019, compared with 3 percent in Santa Clara and San Benito counties and 2.2 percent in the East Bay.
San Francisco and San Mateo County added 40,400 jobs in the same period, second only to Los Angeles statewide.
Unemployment in the San Francisco/Peninsula area remains low at 1.9 percent, the October figures show, 2 percent below the state unemployment rate.
USA USA USA
What kind of jobs? That’s important to know and not much good if the wages can’t keep one in the Bay Area. Reads like cooked books.
Thank you Mr Trump
Seven million jobs were created under the Trump Administration, and 266,000 jobs were created in the month of November.
MAGA
California Fizzle: Golden State Growth Rate at .35 Percent, Lowest Rate Since 1900 – State Loses 198,000 to Out-Migration
I welcome the out-migration. CA has plenty of people and the population is still growing.
The interesting point is that it is mostly middle and lower-middle-income folks moving out.
CA has more wealthy people moving in than out.
But they say the greatest influx of people in Calif. are from other country’s.
Yes, lots of new jobs in SF as they hire more poop patrols
Trump 2020 and JR in 2024
Not a Trump fan, can’t stand his personality, would dislike his personality even if I agree with his policies, and I do agree with some. However, Don Jr. would be even worse, the guy seem clueless, not the brightest bulb (and while I don’t think Trump is a genius, nor do I believe his stupid) he gets upset over any little slight, like his Dad getting cut from a movie, that no less is old and this was in Canada, wah, wah. He is spoiled rich kid, he likes to hunt trophy wild animals, and riding on his Dad’s coattail. The trophy animal alone is enough for me to dislike him, even ultra conservative Michael Savage, who is a strong supporter, has been very critical of the Trump sons and their hunting.
With such a low unemployment rate in S.F. why all the Homeless ? Let me guess…Freebies….
I doubt it, whatever freebies they might get, I cannot imagine anyone wants to be homeless, if they are in their right mind. This time of the year iat is cold and wet, and they constantly have to be on the move.
I work at Macy’s, just transferred from Palo Alto to a store in this area.
The Palo Alto store hired a few homeless at times, if they dressed decently and could operate the computer and give good customer service they were willing to give them a chance. Although at the beginning things seem to go fine, but eventually trouble set in. One woman after awhile, smelled of vodka and urine. Another one was always mumbling to herself, but did okay with the customers, I believe she left on her own accord, she worked there twice. A Christmas hire a few years ago, refused to call a manager when a customer asked, I stepped in and called a manager, then told him, when a customer ask to see a manager, you get a manager, he answered ” I’m not going to do that” and walked away, I never saw him again.. I listen to a program earlier about homelessness, and some called in and said they were forced out of their apartment because rents kept going up. Minimum salary in Palo Alto is $15.00 an hour, full time at Macy’s is anywhere from 32 to 39 hours. Rooms on the Peninsula cost at least a $1000.00 or more, so if someone do not have other income, it is tough to make it. I have other income, so I manage okay.
Why so many homeless? Two reasons. Mental illness and Drug abuse. Usually in the same individual. Years of poor policy choices and pop science, combined with an enabling culture of ‘tolerance’ and virtue signaling do-gooders making the problem worse. It is too complex of a problem for a quick paragraph, but a combination of mandatory drug treatment and mandatory mental health checks for the homeless will help. We need to stop putting band aids on the problems, and start looking at the root causes. A corrupt and inflexible foster care system is a possible root cause for the drug use and mental illness that contribute to homelessness. Working hard to keep families together would be a better solution, let aunts and uncles, grandparents, take the children from unfit parents, even if the living situation isn’t ideal. I’ve seen too many messed up foster kids and adoptees to say this isn’t a problem. Maybe not the politically correct thing to say, but sometimes truth isn’t politically correct.
Most of these jobs which are likely high paying jobs for educated professionals. There are plenty of jobs to go around and little reason for people to be un or under employed regardless of skill level.
There were some naysayers predicting a recession for next year, though they have reversed course and predict robust continued growth in 2020.
People vote with their wallets primarily and in spite of the attempts to void the results of the 2016 election, all indications are that the President will be re-elected next year. It’s almost as if the progressive wing of the DNC is doing everything they can to ensure this.
Keep on dreaming. Where do you see that the jobs are high paying? As usual for the time of year it’s seasonal employment and most likely in the service sectors. They do reports like these every year and conveniently leave out what jobs that is until some smart reporter looks into it and publishes an article with that information.
Those numbers are terrible. We’ve got to get those employment figures down. Even if by some miracle we built enough apartment high rises to house all those people, there is not enough roads, sewage, water, and now, even reliable electricity to serve them. We are constrained by geography. Often happens when you build next to an ocean.
I’ve lived in the Bay Area since the sixties. I’ve always found a job, because I’m willing to work. A lot of people will call themselves unemployed if they can’t find a job that they feel their college degree entitles them to. Those people rise and fall with the economic cycle. The best times to live in the Bay Area have been recessions. The freeways become usable again, and rents stabilize. And people like me that do real work will always find work. I’ve never had much sympathy for recent arrivals that lose their jobs in a round of lay offs from a big tech company because the stock market hiccuped. Easy come easy go?
I’ve never understood why everyone has such a Pavlovian response to job creation. It is but one metric of a healthy, or unhealthy economy. If this red hot job market is sending the price of housing through the roof and demand is racing ahead of supply, thousands become homeless every year, even the very well paid police and firefighters can’t afford to live the City, communicable diseases are exploding because of the squalor, and the window of time that you can use the freeway to get anywhere grows smaller and smaller, I would argue that there are too many jobs.
BART is not going to be able to serve the increased demand, and it never ringed the bay anyways. I doubt if there is political will to widen the Nimitz and the Bay Shore into 10-lane freeways. We just have way too many jobs.
This all sounds like great news!
“the jobs have been gone now for 25 years and nothing’s replaced them”
Work in San Mateo and commute in from Tracy…….It’s amazing what young people have to do to stay in the Bay Area.