2023 Bay Area job market experienced a "mini-recession" with job losses in six of eight months, falling 46,600 jobs short of pre-pandemic levels.
2023 saw a "mini-recession" in the Bay Area job market, with job losses in six of the first eight months, and only a modest gain of 4,600 positions for the year. The region still hasn't regained pre-pandemic employment levels; as of Jan 2024, it's 46,600 jobs below its Feb 2020 record. East Bay gained 12,500 jobs, while San Francisco-San Mateo area lost 15,200 and South Bay shed 5,900.
March 17, 2024
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