Job growth in the Bay Area has turned negative

(June/2011) … Job growth in both San Francisco and East Bay has turned negative since April 2011, which is not a good sign for the rental market since rent growth follows job growth.

Historically when job growth on BOTH sides of the Bay turns negative, Oakland area rents go down. Will history repeat itself? Please see the 2010 Rent Survey I produced for the East Bay Rental Housing Association.