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Articles Filed Under: San Jose (And South)

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Bay Area Unemployment Claims Dropped in October, But…

Bay Area Unemployment Claims Dropped in October, But…

Having spiked to 281,462 in September, the number of new unemployment claims filed across the Bay Area dropped 17 percent to 232,908 in October but was still higher than in May, June, July or August and prior to two rounds of pandemic driven reopening rollbacks last month. And in... Read More »

Harkening Back to When Remote Working Was Banned

Harkening Back to When Remote Working Was Banned

As we outlined back in August of 2015: The 3-acre Woodside estate which Yahoo!’s Chief Development Officer purchased for $5.8 million in 2013 – shortly after she and CEO Marissa Mayer penned the infamous memo which banned employees from working remotely and she started commuting to Sunnyvale from her... Read More »

Index for Bay Area House Values Ticks Up, Condos Down

Index for Bay Area House Values Ticks Up, Condos Down

Having inched up an upwardly revised 0.9 percent in August, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up 1.0 percent in September for a year-over-gain of 6.0 percent in... Read More »

Bay Area Re-Employment Jumps, Labor Force Rebounds

Bay Area Re-Employment Jumps, Labor Force Rebounds

Having sputtered in September, the number of people living in San Francisco with a paycheck jumped by 25,400 last month, driving the unemployment rate, which had been averaging around 2 percent prior to the pandemic but jumped to 12.6 percent in April, back down to 6.9 percent. That being... Read More »

New Spike in Bay Area Unemployment Claims

New Spike in Bay Area Unemployment Claims

As we noted last month, the rebound in Bay Area employment has sputtered. And in fact, the number of new unemployment claims filed across the Bay Area, which had been on the decline since peaking at 441,813 in April, spiked anew to 281,462 in September, which was up 57... Read More »

Index for Bay Area Home Values Inches Up and Down Again

Index for Bay Area Home Values Inches Up and Down Again

Having ticked up an upwardly revised 1.1 percent in July, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.8 percent in August for a year-over-gain of 4.1 percent versus... Read More »

Bay Area Employment Rebound Sputters

Bay Area Employment Rebound Sputters

Having dropped by over 90,000 from March through May, yielding an unemployment rate of 12.7 percent, the number of people living in San Francisco with a paycheck rebounded by 33,000 from June through August, driving the unemployment rate, which had been averaging around 2 percent prior to the pandemic,... Read More »

Index for Bay Area Home Values Inches Up and Down

Index for Bay Area Home Values Inches Up and Down

Having slipped in May and June, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.9 percent in July for a year-over-gain of 2.5 percent versus a 4.8 percent gain... Read More »

Bay Area Employment Still Down by 400K, Labor Force Dropping

Bay Area Employment Still Down by 400K, Labor Force Dropping

While the estimated number of people living in San Francisco with a paycheck increased by 5,900 in August to 515,900, the labor force shrank by 7,800 to 565,700 for an unemployment rate of 8.8 percent (versus 9.4 percent at the height of the Great Recession). As such, while employment... Read More »

Local Unemployment Claims Tick Up

Local Unemployment Claims Tick Up

While the unemployment rate in San Francisco declined in July, the number of San Francisco residents that filed a new/initial unemployment claim last month actually ticked up 5.3 percent to 25,354, reversing a two month run in which the number of new claims had either dropped or held. And... Read More »