California Dolphin: statewide California news

Bay Area job market bounces back; South Bay, East Bay post strong gains

The Bay Area powered to strong job gains in June, an employment surge that banished — for now — fears that the region’s dynamic economy had begun to totter on the edge of a downturn, a state labor report released Friday showed.
Santa Clara County added 2,600 jobs, the East Bay gained 1,900, and the San Francisco-San Mateo region added 4,900 positions, according to the state Employment Development Department. All the numbers were adjusted for seasonal changes.
The robust gains in the Bay Area contrasted sharply with a weak employment result statewide: California lost 1,400 jobs during June.
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And in another welcome counterpoint: After Santa Clara County had suffered job losses during three of the first four months of 2017, the two most recent months have produced consecutive job gains in the South Bay region.
Similarly, the Bay Area — after losing jobs during three of the first five months of 2017 — managed to bounce back with a gain of 11,100 jobs overall during June.
Nevertheless, the Bay Area and all three of its major urban centers have endured a weaker economic performance over the first half of 2017 compared with the first half of 2016.
Over the first half of 2017, the Bay Area has gained 15,100 jobs — far below the same period in 2016, when the Bay Area added 54,400 jobs, this publication’s analysis of the EDD figures shows.
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During the first half of 2017 compared with the same period in 2016, Santa Clara County has lost 1,300 jobs, versus a year-earlier gain of 11,700; the East Bay has added 1,600 jobs, contrasting with a year-earlier gain of 13,500; and the San Francisco-San Mateo region has added 12,500 jobs, well behind last year’s addition of 22,500 jobs.

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