The Bay Area has some Bright News Despite Still Combating Past Issues

For the first time since the tragic attacks of 9/11, all three of the employment hubs within Bay Area: the San Francisco metro area, the East Bay and the South Bay, have established themselves as million-job economies. These fresh statistics have begun to banish the pain of the Great Recession, and suggest that the Bay Area may be in the midst of a significant employment boom.

For the first time since the tragic attacks of 9/11, all three of the employment hubs within Bay Area: the San Francisco metro area, the East Bay and the South Bay, have established themselves as million-job economies. These fresh statistics have begun to banish the pain of the Great Recession, and suggest that the Bay Area may be in the midst of a significant employment boom.

Too bad there is still an illegal alien issue, no Disneyland, high taxes, condensed living spaces, nowhere nearby to go camping, no beaches at which to swim, nowhere to ride your ATV, and you are still in a dysfunctional state. But at least there is still a bright spot somewhere.

In September of this year, the Bay Area added approximately 12,900 jobs:

* Santa Clara gained 4,800 jobs

* The San Francisco region gained 2,100 jobs (and the Giants have another World Series to their credit)

* The East Bay gained 4,700 jobs.

Taking the gains of Santa Clara County into account, the location hit 1,004,800 jobs in total, the East Bay hit a total of 1,061,300 jobs, and finally, San Francisco metro area hit approximately 1,114,300 jobs. The last time that all three areas have been in numbers similar to this was in August of 2001. And the good times would have never ended if Barney Frank, the Fed, and job killing regulations had not taken their toll.

Further Evidence of Improvement in the Bay Area

The jobless rates within the Bay Area have also improved over the recent months according to an analysis by Beacon Economic regarding EDD figures. In September, the rate of joblessness in East Bay had fallen by 0.1% from 5.9% to approximately 5.8%. The San Francisco Metro jobless rate had dropped from 4.3% to 4.2%, and the unemployment numbers in South Bay were reduced from 5.4% to 5.3%. Statewide, the joblessness rate improved from 7.4% in August, to 7.3% in September.

But critics point out that these numbers are misleading because when someone stops taking unemployment they are considered employed. On top of this, the unemployment rate in North Dakota is about 0.2% because they have legalized oil shale. If California wanted to see the golden state become golden again, they would legalize fracking.

Start Fracking California!

The gains that the Bay Area has experienced in the recent months show a stark contrast to the loss of 9,800 jobs in California over all. This can happen because the data on the local number of jobs created and the jobless rate are derived from the results of different surveys.

Tech continues to be the most common creator of new jobs within the Bay Area, especially in Santa Clara County. The technology sector within the Santa Clara region, which consists of electronic and computer manufacturing, information products and services, professional, scientific and tech services, accounted for approximately 3,600 of the total 4,800 jobs created during September. In the San Francisco region, the technical industries account for over half of the jobs that were created in September (1,200, out of 2,100). Furthermore, in the East Bay the same sector generated approximately 1,900 of the jobs that were added in the region over the month.

The Cost of Living in the Bay Area is Immense 

Of course, the improvements within the region come down to growth in areas besides technology alone. Plenty of other industries have shown increased strength within the Bay Area during the recent months. In Santa Clara County, retail added approximately 600 jobs to the pool; hotels and restaurants provided a further 600. In the San Francisco metro region, 900 construction jobs were gained, alongside over a thousand retail positions. Although the construction sector in the East Bay proved weak, losing about 500 jobs, the retail sector still gained 1,000 new opportunities.

This is wonderful for San Francisco but the reasons mentioned above and this city’s constant homeless problem, the high cost of living because of lack of space and so on, are issues that continue to plague this city and this area. Just think how golden this state could be if their policies were similar to Texas which is recording huge economic numbers and stealing jobs away from California.