Annual job growth in the combined San Francisco/Peninsula
region outpaced the other two metropolitan divisions of the Bay Area, according
to a report by economic advisory firm Beacon Economics.
Total nonfarm employment grew by 3.5 in San Francisco and
San Mateo County between October 2018 and October 2019, compared with 3 percent
in Santa Clara and San Benito counties and 2.2 percent in the East Bay.
San Francisco and San Mateo County added 40,400 jobs in the
same period, second only to Los Angeles statewide.
Unemployment in the San Francisco/Peninsula area remains low
at 1.9 percent, the October figures show, 2 percent below the state unemployment
rate.
Source: NBC Bay Area