Positive job growth

The East Bay Economic Development Alliance (EBEDA) recently released their report predicting a “3% forecast for East Bay Economy’s growth rate.” Although the current unemployment rate is high and the economic prospects nationally do not appear to be that great, their forecast seems to dovetail with the new job growth graphs.

For the first time in 44 months both sides of the Bay have positive job growth and San Jose/Silicon Valley remains #1 in job growth nationally with #2 Seattle not even close.

The new job growth numbers come out the day before the 5^th Annual EBRHA Trade Expo so it will be interesting to see if this trend continues. It may very well be that even if the rest of the country dips back into recession the Bay Area may do fairly well, and if our rents have been going up despite negative job growth, just think what might happen if this positive job growth trend continues.