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South Bay Job Growth Slows, Home Prices Still Climbing

Winter 2018

Employment growth in the South Bay indicates that the economy is still advancing, albeit at a measured rate, especially when compared to other regions. The unemployment rate in the South Bay dropped to 3.0% as of October 2017, on par with San Francisco, lower than the state as a whole (4.1%), and much lower than other areas of California.

The South Bay’s total nonfarm employment rose to 1.1 million, a 1.5% increase, between October 2016 and October 2017. Despite the overall employment increase, however, the pace of growth is slowing in the region as the labor market...


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