The Bay Area posted sturdy job gains during May and appears to have banished — for now — the region’s feeble stretch for hiring during the early part of this year, a government report released Friday shows.
The nine-county region added 10,400 jobs in May, which was slightly fewer than the 12,400 positions the Bay Area gained in April, according to the new government release.
Still, the job gains in the Bay Area last month were a big improvement over the loss of 4,400 jobs that the region suffered in March.
The East Bay led the upswing in jobs during May by adding 4,700 positions. The San Francisco-San Mateo region added 3,600 jobs. The Santa Clara County area added 1,400 jobs in May. All of the numbers were adjusted for seasonal volatility.
The employment upswing in May for the Bay Area offers a welcome counterpoint to the forbidding landscape of massive tech industry layoffs in the Bay Area during 2022 and so far in 2023.
California added 47,300 jobs in May. Last month’s result was much less than the increase of 69,900 jobs in April but far stronger than the paltry gain of 11,900 jobs in March.
The statewide unemployment rate was 4.5% in May, which was unchanged from April.
The May improvement in hiring also helped the Bay Area reach a crucial post-coronavirus benchmark.
For the first time, the entire Bay Area and all three of its major urban centers, Santa Clara County, the San Francisco-San Mateo area and the East Bay, have recovered all of the jobs they had lost during the first two months of business shutdowns to combat the spread of the coronavirus.
The East Bay was the last of the group to fully recover and now has gained 700 more jobs than it had lost during March and April of 2020, when massive job losses hammered the Bay Area, California and the United States due to the coronavirus-linked lockdowns that the government had mandated three years ago.
Santa Clara County has achieved the Bay Area’s strongest rebound from the coronavirus job setbacks and has gained 20,600 jobs more than it lost during those first two months of the lockdowns three years ago.
The Bay Area has a jobs surplus of 20,700 compared to what it had lost at the outset of the business closures. The San Francisco-San Mateo region has gained 8,600 jobs more than it lost during March and April of 2020.
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