Category Archives: Northern California

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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Northern California Boosted by Silicon Valley, Anchored by Government

Strong hiring by resurgent Silicon Valley is helping to stabilize the Northern California economy. Apple, Cisco Systems and Google, among others, were hiring strongly in the second half of 2011.  Health care company Kaiser Permante also posted a significant number … Continue reading

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