Hiring in the Bay Area | A Look Into Current Trends and Statistics

The Bay Area economy is currently booming, meaning an influx of workers are needed to keep up with steady growth levels. At nearly twice the U.S. average, this global innovation center has the highest economic productivity in the nation— and it shows no signs of slowing down anytime soon.

7 Promising Bay Area Economic Trends and Statistics

If you’re currently hiring in the Bay Area, take a look at current economic trends and statistics:

  1. The San Francisco-Redwood City- South San Francisco unemployment rate was 3.4 percent as of June 2015, which is notably lower than the 6.2% California state average and the 5.5% national average during the same time period, according to the State of California Employment Development Department (EDD).
  2. The number of jobs in San Francisco and San Mateo counties increased by 600 during the period of May 2015 to June 2015, reaching a total of 1,049,900, noted EDD.
  3. Between June 2014 and June 2015, EDD stated that the total number of jobs in San Francisco and San Mateo counties increased by 41,800, which is a 4.1% increase.
  4. According to EDD, total jobs in the Bay Area increased on a year-over-year basis for the 60th consecutive month, as of June 2015. Professional and business services enjoyed the most substantial growth with an increase of 21,600 jobs.
  5. The San Jose area is expected to realize a 5% job growth in 2015, followed by a 4.2% increase in San Francisco, according to projections from the Center for Business and Policy Research at the University of the Pacific (UOP).
  6. Statewide, the professional scientific and technical services sector is projected to add 50,000 jobs over the next year, according to UOP researchers.
  7. The San Francisco real estate market is currently seeing a level of activity not realized since the late 1990’s, according to the Wells Fargo June 2015 California Economic Outlook.

Whether you’re looking for an exciting new legal or technology position or trying to find top talent in the Bay Area, you can count on ABA Search to help you every step of the way. We’ve been connecting top talent with leading companies for 25 years. Contact us today to learn more about how our extensive legal and technology network can benefit you!