Bay Watch: Region Gained 3,000 Jobs in August, but Growth Starting to Slow
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Economy,
The nine-county Bay Area added 3,000 jobs last month — a reversal that defied a slight downtick in July, when the region lost 700 jobs. The region’s gains were driven largely by the East Bay — gaining 3,500 jobs from July to August. The North Bay also fared well, gaining 1,200 jobs. Meanwhile, the core employment centers of the region continued to lose jobs — 1,200 fewer jobs in San Francisco and San Mateo, and 500 fewer jobs in the San Jose region. The region experienced three months of rapid growth earlier this Spring, adding almost 35,000 jobs from April to June. Now, growth is starting to cool, and the future remains uncertain as we enter the final quarter of the year.
