Town Square

Post a New Topic

Job growth stronger than previously thought

Original post made by stephen levy, University South, on Sep 27, 2013

Yesterday the Bureau of Labor Statistics released final job estimates for the year ending March 2013. These data will be used next year to revise the preliminary published estimates of job growth (the ones we see in the papers each month) for California and the Bay Area for 2012 and 2013.

For the 12 months ending in March 2013 jobs in California increased by 3.0% compared to the national growth rate of 1.6%. The same data show Texas with a 3.0% gain along with Colorado and Idaho. Two states had a higher job growth rate—Utah at 3.3% and North Dakota at 4.4%.

Bay Area counties did even better for job growth. San Francisco posted a 4.3% job gain followed by Santa Cruz (4.2%), Santa Clara (3.8%), San Mateo and Sonoma at 3.4%, Alameda (3.2%), Solano (3.1%) and Contra Costa (3.0%).

A 3% growth rate in Bay Area jobs translates into an increase of roughly 100,000 jobs in that year.

Unemployment rates, while still above historical levels in a good economy, are falling rapidly in the region and four counties now have rates between 5% and 6%.

The implication of these job and unemployment trends is that continuation of job growth will increase pressures for more people to live and work in the region.

It is likely that job growth rates will decline in coming years but job and population growth is now firmly on track to meet or exceed the 1 million more jobs and 2 million more residents expected in the regional Plan Bay Area adopted this year.

Growth does bring change and pressures and residents and businesses have different experiences of the benefits and costs. But denying the growth does no good for reaching solutions, just as denying climate change is not helpful in the face of strong evidence of its existence.

One has only to look around the Valley and north up the peninsula to see building, expansions and growth all around.

Comments (2)

Like this comment
Posted by Mr Mills
a resident of Nixon School
on Sep 27, 2013 at 10:36 am

Mr Levy: both Texas and CA had 3% growth. As the two largest states mentioned, I'm interested in the difference between the jobs created. Any more info that will shed light on that?

Like this comment
Posted by stephen levy
a resident of University South
on Sep 28, 2013 at 5:50 pm

stephen levy is a registered user.

There is actually not that much difference. Texas had more job growth in mining and manufacturing while California had more job growth in construction.

Both state had substantial job growth in health care and hospitality where restaurants are counted.

California had nearly twice as many new jobs in professional and business services. California job growth was constrained by a loss in government jobs.

The main points I was making are 1) For this year the CA economy showed good job growth and the Bay Area posted even stronger job gains.

In the regional debate about future housing growth, some parties have argued that too much housing is anticipated as Bay Area job growth projections are too high. I am pointing out that so far the projected growth track is being exceeded and as unemployment drops further, the region should expect population growth pressures.

Even last year Santa Clara County posted the state's highest % population growth.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

California Democrats seek to revive the Republican Party; Republicans expected to resist
By Douglas Moran | 28 comments | 2,643 views

Chocolate + Tahini Ice Box Pie
By Laura Stec | 0 comments | 1,061 views

Love is a Verb
By Chandrama Anderson | 0 comments | 635 views

Oh, My Aching Knees
By Max Greenberg | 13 comments | 600 views


Save $5 when you register by Monday, July 24

Registration is now open for the 33rd annual Palo Alto Weekly Moonlight Run and Walk. This family-friendly event which benefits local nonprofits serving kids and families will take place on Friday, Oct. 6 at the Palo Alto Baylands.

Register Here