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East Bay Job Growth Continues; Home Prices, Building Activity Jumps

Winter 2018

The East Bay economy continued to improve over the past year, with total nonfarm employment growing by 1% and the unemployment rate falling to 3.4% in October—one of the lowest in the state. Similar to California’s other major regional economies, employment growth in the East Bay has subsided recently. However, this is due to tightening labor market conditions rather than a slowdown in the economy.

Indeed, the East Bay will continue to be a desirable location to both live and work in the years ahead considering its many jobs opportunities and the home affordability advantage it enjoys relative to other places in the San Francisco Bay Area.

The East Bay’s Construction industry saw the most job growth in percentage terms, increasing by 6.8% from October 2016 to October 2017. In absolute terms, the Health Care sector contributed...


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