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Fall 2018

The South Bay economy led the greater Bay Area region in terms of growth in the first half of 2018, and has continued to do so well into the second half of the year. Robust growth in the local labor market reflects solid gains in the Information and Education and Health Services sectors. Moreover, the Construction sector is well poised to post sizeable numbers into the near future as the South Bay is currently experiencing an explosion in non-residential building activity. 

South Bay Labor Market Leads Bay Area

From August 2017 to August 2018, the unemployment rate in the South Bay region decreased by 0.7 percentage points, falling from 3.3% to 2.6%. This decline reflects an increase in total nonfarm payroll, which grew by 3.8%, or 42,000 positions, to reach a total of 1.1 million jobs in the region. In comparison, total nonfarm employment in San Francisco and the East Bay grew by 2.1% and 1.8%, respectively; California as a whole grew by 2.1%.

Year-over-year, the Manufacturing sector experienced significant growth, adding 7,800 positions, a 4.7% expansion, while the Information sector...


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