Hardly a Tsunami

Here in the San Francisco Bay Area we get tsunamis all the time… fog tsunamis… With all the news about the economy doing so well you’d expect a wave of new employment, but not so fast. June 2018 employment stats are here. Spring and early summer usually see some job growth, but not this year (or last). Total current Bay Area employment of 4,035,500 is 25,500 below the recent peak figure of 4,061,000. The Bay Area labor force is 23,500 below the recent peak figure of 4,186,400. Job growth over the past three months was -16,700 versus -12,300 for the same period last year. The labor force ticked up a bit compared with May. We will have to wait until next month to see if that translates to job growth.

About JN Real Estate Appraisal & Valuation Services

Professional real estate appraiser Amateur photographer
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