The Bay Area Council Economic Institute today released analysis of recent California Employment Development Department (EDD) job and labor force estimates. Here are the highlights:
- The Bay Area still outpaces the nation in job growth in May 2017, but barely, and state growth lags the nation for the first time in several years.
- Unemployment and unemployment rates have reached the lowest levels since the dot.com boom and labor force growth has disappeared at least temporarily.
- Job openings nationally are at record levels at the same time unemployment is low and labor force growth is slowing.