Bay Area Unemployment Rates Declining

Earlier we discussed the More Jobs Than Homes situation in the Bay Area. This is borne out by the latest monthly report from the California Employment Development Department which states that California added 30,000 nonfarm jobs in September and the unemployment rate remains steady at 5.5 percent. Jobless claims dropped in in nine counties in the Bay Area.

Moreover, the Center For Continuing Study of the California Economy reports that 379,500 employees have entered or returned to the California worksforce which eans that all major regions of the state are currently above their prerecession employment levels.

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