The Bay Area economy powered to robust job gains in January, a new government report shows.
The Bay Area economy powered to robust job gains in January, an upswing led by the South Bay, the East Bay and the San Francisco-San Mateo metro region, newly released government figures show.
Some disappointing trends, however, emerged from the new calculations that were produced as a result of the government’s annual revision of nonfarm job totals in California, the other 49 states and hundreds of metro regions nationwide. Similarly, California wound up gaining 538,600 jobs in 2022, which was 82,800 fewer jobs than the 621,400 jobs that experts had initially estimated the state gained.
The robust job gains show that the Bay Area and California have managed to increase nonfarm payroll employment despite the dreary drumbeat of tech and biotech layoffs.
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