The Bay Area’s and California’s rebounds from huge job losses unleashed by coronavirus-linked business shutdowns are far stronger than first estimated.
Both the Bay Area and California as a whole are recovering far better from the mammoth job losses unleashed by coronavirus-linked business shutdowns than first thought, state government officials said Friday.
In January, Santa Clara County added 3,600 jobs, the San Francisco-San Mateo metro area gained 10,500 jobs, and the East Bay added 300 positions, the EDD reported. All the numbers were adjusted for seasonal variations. “California’s economic recovery last year was unprecedented,” Gov. Gavin Newsom said Friday in a statement.The region’s year-to-year gains were fueled by increases of 9.7% in the San Francisco-San Mateo region and 6.6% in Santa Clara County. While outpacing the nation, the East Bay one-year increase of 5.6% lagged both the Bay Area and California.
Job growth could remain robust through the rest of this year, said Taner Osman, research manager for Beacon Economics and the UC Riverside Center for Economic Forecasting.
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