new analysis looks at strengths, weaknesses of bay area economy
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.