The Bay Area job market powered to its strongest employment gains in three months during October, a hopeful upswing ahead of a slew of tech layoff announcements.
The Bay Area job market powered to its strongest employment gains in three months during October, a hopeful upswing that occurred before tech companies began announcing a bout of layoffs in a painful retrenchment.
Employers in the Bay Area added 17,600 jobs in October, led by robust hiring and employment increases in Santa Clara County, the San Francisco-San Mateo region and the East Bay, which represented the strongest job gains since July, a new government report released Friday shows. California gained 56,700 jobs last month, the report showed, which also represented the largest surge in hiring statewide in three months.
The statewide unemployment rate worsened slightly by increasing to 4% in October, up from the September rate of 3.8%, which was the lowest on record for the economic benchmark. During October, the San Francisco-San Mateo metro area added 6,300 jobs, Santa Clara County gained 5,500 jobs and the East Bay added 4,400 positions. All of the numbers were adjusted for seasonal variations.
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