Category Archives: Northern California

Northern California Economy Driven By Strong Labor Market Gains

Northern California has created around 400,000 jobs in the past four years, bringing area payroll employment back to 2001 levels at over 3.1 million nonfarm workers. Job gains have been widespread over the past 12 months, with a quarter of … Continue reading

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The Pluses and Minuses of Improving Northern California Home Prices

Recent Northern California housing market activity has its positives and negatives. For those owning a home prior to the housing crash, increasing home prices and the ability to refinance at lower rates have helped many reclaim most of the lost … Continue reading

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Northern California, Looking Frothy

Some Northern California price metrics are looking frothy. Home price growth is strong, yet unsustainable. According to the Case-Shiller Home Price Index, San Francisco year-over-year single-family house price growth remained above 20 percent from March 2013 to March 2014. House … Continue reading

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Northern California: A New Home For the ‘Niners

Northern California labor markets improved in 2013. Nonfarm payroll employment has now surpassed its pre-recession peak, at 2,976,430 jobs in 2013Q4. We expect the Northern California economy to add another 56,000 jobs in 2014. The unemployment rate for the region … Continue reading

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Positive Outlook for Northern California

The Northern California economy is expected to show moderate growth next year supported by its strong high-tech sector and improving property markets. Payroll employment recorded its lowest year-over-year growth since 2011Q2, at 1.8 percent in 2013Q3, still slightly above the … Continue reading

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Northern California Growth Eased in 2013H1

The Northern California economy remains vibrant, fueled by Silicon Valley and rapidly tightening real estate markets. However, payroll employment growth cooled in in the first half of 2013.  Year-over-year payroll job growth was very strong at 3.6 percent in 2012Q4. … Continue reading

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Northern California Leads State Growth, Another Oil Boom?

Job growth in the San Francisco and San Jose metro areas continues to outpace the national and state averages. Technology firms are still hiring aggressively, and property markets are heating up. On a year-to-year basis payroll employment in the San … Continue reading

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Northern California Finishes 2012 with Momentum

Job growth in the San Francisco and San Jose metro areas remains strong, driven by a robust high tech sector and a recovering housing market. On a year-to-year basis payroll employment in the San Francisco metro area was up 2.7 … Continue reading

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Northern California Accelerates Through 2012Q2

Strong expansion and wealth generation by Silicon Valley’s high tech industries is revitalizing the Northern California economy. Payroll job growth for the combined region outperformed the U.S. average through the second quarter of 2012, bringing the unemployment rate down to … Continue reading

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Northern California Boosted by Silicon Valley, Anchored by Government

Strong expansion by Silicon Valley’s high tech industries is helping to revitalize the Northern California economy. Hiring remains strong amongst major software firms. General Electric is not usually associated with Silicon Valley, but soon will be. The company is building … Continue reading

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