海湾地区就业观察

温和的就业增长,住房和新冠疫情的好消息

2021年9月22日

The Bay Area has posted modest but disappointing job gains since March. 与此同时,风投资金也很雄厚, 住房许可已经开始反弹, the Governor signed several housing bills and the region is a leader in vaccinations and lowering COVID cases. 美国.S. economic outlook and federal policies have improved with positive implications for our region. 旧金山湾区仍然面临着住房方面的挑战, transportation and other areas that affect our economic competitiveness and, 这样做, reduce our ability to meet equity and environmental goals.

亮点:

•湾区新增141个,500 jobs between January and August 2021 and the regional unemployment rate fell from 6.6% to 5.5%. Job gains were led by the San Francisco and San Jose metro areas and a rebound in the restaurant and tourist sectors.

•美国.S, and Bay Area economic outlook has been upgraded by the $1.90亿美元新冠肺炎救助计划, 可能通过的主要基础设施一揽子计划, and positive movement on the safety net and environmental investments and the possibility of more favorable immigration policies that all play to Bay Area strengths.

• The region is a state and national leader in vaccinations and reducing COVID cases that is allowing a return to more normal living here

• The long-term Bay Area economic challenges remain with only slow progress on housing, 交通与经济竞争力, challenges at the front of the Bay Area Council policy agenda.

Job Growth is Steady but Disappointing Compared to the Nation

湾区新增141人,自2021年1月以来,500个工作岗位增加了57个,600 in the San Francisco metro area though SF has recovered just 45.0% of the jobs lost between February and April 2020 as job gains are offset by companies moving jobs out of SF. The San Jose metro area added 39,200 jobs but by August had recovered only 55.2020年2月至4月间,失业人数减少了6%. The Napa, Vallejo and San Rafael metro areas had the largest % job recovery by August 2021.

 

湾区只恢复了51个.6% of Lost Jobs by August 2021 然而, VC Funding is Surging and Tech Jobs Are Above Pre-Pandemic Levels

到2021年8月,湾区已经恢复了51个.2020年2月至4月间,失业人数减少了6% up from 29.1月份的4%. 州政府收回了62个.从34起上升1%.0%,而国家恢复了76.从55个岗位上升到2%.4%. At the same time VC funding in the first half of 2021 was $48.1 billion, the highest first half on record and 35% of a record $139 billion nationally.

 

失业率降至5.从2021年8月6日起在该区域增加5%.2021年1月达到6%.

房价最低的是圣拉斐尔都市区.4%) followed by the San Francisco and San Jose metro areas (4.8%) 2021年8月. Unemployment rates jump in the summer months and then fall in September normally. 旧金山湾区的房价远低于该州.5%的失业率.

不同行业受到的影响不同

The Information sector actually added a small number of jobs compared to before the pandemic hit. 和专业 & Business Services sector has regained 94% of the lost jobs. On the other hand, the Leisure and Hospitality sector recovered only 53.1% of lost jobs by August 2021 though strong gains were posted these in the past six months. The Government sector has fewer jobs now than in April 2020 though many jobs may be returning as schools and colleges reopen. The Construction and Manufacturing sectors have recovered most of the jobs between February and April 2020.

Airline Passenger Count Up, But Still Far Behind 2019 Levels

Airline passenger counts picked up in July at all Bay Area airports. However, Bay Area passenger counts in July 2021 were just over 1/2 of comparable month 2019 totals.

住房许可高于2020年水平,略低于2019年

Housing permit levels are up over 2020 in the first seven months of 2021 but still slightly trail 2019 comparable months. But this month many new developments have been approved or proposed in places like Oakland and San Jose and in my neighborhood Menlo Park approved an 800-unit project and a developer proposed 500 units in Palo Alto this week.

湾区COVID统计数据

The top eight counties in terms of vaccination percentages (all but Solano) are from the Bay Area with all having more than 70% first doses and six having more than 70% fully vaccinated. The Bay Area has by far the lowest number of new cases per capita and 8 of the 12 counties with the lowest recent per capita cases are in the Bay Area.

大的挑战依然存在:

We have the paradox of continuing reports of headquarters’ relocations outside of the region at the same the region is capturing record VC funding levels and tech jobs are slightly above pre-pandemic levels. 然而,, the Bay Area Council warnings about losing our competitiveness remain as housing and mobility challenges are far from solved—the major causes of recent movements of companies and residents.

The rebound from pandemic related economic losses will continue but new policies are needed to maintain and improve the long-term competitiveness of the Bay Area economy. There is now increased movement to integrate our many transportation systems and agencies and pursue fare integration in an effort both to improve but to maintain the solvency of our main public transit options.

这些经济更新的作者是斯蒂芬·利维, Director of the Center for Continuing Study of the California Economy, and a member of the 海湾地区委员会hg8868皇冠下载 board.