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CONTACT: Sherif Hanna
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Summer 2018

The East Bay’s current economic conditions indicate continued growth in the region throughout 2018. The area is adding jobs at a steady pace, led by the Construction and Professional and Business Services sectors, and as a result, the unemployment rate is at a record low. Additionally, rising home prices and increasing home sales reaffirm the region’s growing demand for housing.

Construction Industry Still Leading The Way

Between April 2017 and April 2018, total nonfarm employment in the East Bay increased by 2.3% to reach a total of 1.18 million employees. This rate of job growth outpaces San Francisco (+1.7%) and the state as a whole (2.1%), but lags the South Bay (+3.6%).

The East Bay’s Construction industry experienced the greatest employment increases, both in terms of absolute numbers (+6,100 workers) and percentage growth (8.7%). Together with Professional and Business Services and Manufacturing, these three industries constituted almost...



 

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