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

From Beacon Economics

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.

About Kevin

Councilmember - City of Oakley, Manager of Mainframe Operations and Optimization – USS-POSCO INDUSTRIES, Co-Founder and Board Member - Friends of Oakley A Community Foundation, Commissioner - Contra Costa Transportation Authority, Board Member - Tri Delta Transit, Transplan, San Joaquin Joint Powers Authority and RD 2137, Advisory Board – Opportunity Junction
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