Blue Green Line in Header
 


View other regions: San Francisco |  South Bay |  Los Angeles |  San Diego |  Inland Empire


Beacon Economics provides customized five-year data forecasts for variables including:
    Taxable Sales
    Home Prices & Sales
    Personal Income
    Unemployment

Learn more

---------------------------------------------
CONTACT: Sherif Hanna
SUBSCRIBE
Receive the East Bay
Regional Outlook by email
 

Fall 2018

Thanks to large employment increases in logistics, goods producing, and technical industries, the East Bay’s unemployment rate is the lowest it has been in decades, suggesting that the current expansion of the region’s economy is far from over. The local commercial real estate market stands out as it remains on a strong growth path and rents are increasing. Still, while the East Bay economy is continuing on its upward trajectory, the rate of growth in the region has slowed marginally compared to one year ago.

Healthy Expansion Continues

From August 2017 to August 2018, the unemployment rate in the East Bay decreased 0.9 percentage points from 3.8% to 2.9%, with the labor market tightening further. Over the same period, total nonfarm payroll increased by 1.8% – an addition of 21,300 jobs, as the region reached a total of 1.2 million jobs. Despite these solid gains, neighboring San Francisco and the South Bay outpaced the area, growing at rates of 2.1% and 3.8%, respectively.

The slower pace of hiring in the East Bay is not attributed to...



 

... To continue reading this current edition, please Login or Create an Account to view the full content. It's simple and we will never share your information without your permission.

 
No Nonsense Economics blog feature image

Client Quotes

"Beacon Economics has become an invaluable resource to the Los Angeles Area Chamber of Commerce, providing us with data and research that informs our efforts to rebuild the region’s economy."
Gary Toebben, President & CEO, Los Angeles Area Chamber of Commerce

"Beacon Economics has substantially increased economic literacy here in Sonoma County."
Ben Stone, Director, Sonoma County Economic Development Board

"The professional and technically skilled staff at Beacon Economics delivered an excellent product that has been key to our District’s long term planning and fiscal health."
Dave Collins, Assistant General Manager, Finance and Management Services, East Bay Regional Park District