August 2018 U.S. Jobs Report

Strong August U.S. Jobs Growth Suggests That Higher Interest Rates Are Coming Today’s national employment report from the U.S. Bureau of Labor Statistics offers continued support for strong economic growth, with an increase of 201,000 jobs in August. Over the last 12 months, the U.S. economy has added 2.33 million jobs. After downward revisions of …

California’s Job Market Picks Up Speed in July

With the latest increase, California has added more than 332,000 jobs over the last 12 months, which is about 10,000 more than created during the previous 12-month period. The state’s unemployment rate remained at 4.2 percent. The number of unemployed Californians totaled 807,000 in July, down by 104,000 on an annual basis. Read more on …

Bay Area Home Sales Activity in July

  Finally, More Bay Area Housing Inventory Arrives After 16 Months of Declines. Read more on the @bethanywpatten blog. Executive Summary: The Bay Area’s decline in home sales (including single-family and condominiums) improved in July, with only 3 percent less activity year over year after a 13 percent decline in June. Sales of homes priced above …

California June 2018 Job Report

  Losses of Lower-Paying Jobs Drag Down California’s Employment Growth in June Over the year, California created 269,100 jobs, with nine industries adding a total of 272,800 positions and two industries losing a total of 3,400 jobs. The largest job gains were in educational and health services, up by 75,800 jobs; professional and business services, …