Department, the Bay Area added 20,400 jobs in July, with Santa Clara County adding 7,000 jobs to lead the nine-county region, followed by the San Francisco-San Mateo area with a gain of 6,700 jobs, and the East Bay with a gain of 4,500 positions.
According to the EDD, California added 84,800 jobs in July, the highest monthly total since February. The results have all been revised to account for seasonal variation.
There was a decrease in the state’s unemployment rate in July, from 4.2% to 3.9%, a new record low.
This news organization’s analysis of the EDD figures shows that Santa Clara County has gained 1,000 more jobs since March 2020 and April 2020, two months of historic job losses at the start of business shutdowns linked to coronavirus ordered by the government to combat the spread of the deadly virus.
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A staggering 153,500 jobs were lost in the South Bay during those two months. However, the EDD reports that the South Bay added 154,600 jobs between May 2020 and July 2022.
There are still COVID-related job shortages in the Bay Area, the East Bay, the San Francisco–San Mateo region, and throughout the state of California. In terms of job recovery, the Bay Area is at the 88% mark, San Francisco-San Mateo is at the 89.3% mark, and the East Bay is at the 89.9% mark. In terms of employment, California has made up 97.3% of what it lost.
Beacon Economics and the UC Riverside Center for Economic Forecasting evaluated the EDD report and found that large-scale job gains in the technology sector helped fuel the employment boom in the Bay Area and its major metro regions.
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