California Employment Development Department
California’s Tech Boom Masks a Shrinking Job Market, Beacon Economics Warns
The Information sector now drives more than 12 percent of state GDP, but hyper-productive Tech companies are generating wealth without generating employment—leaving California...
Sacramento’s Labor Market Is Losing Ground Where It Can Least Afford To — and Healthcare Can Only Do So Much to Make Up the Difference
The state capital posts a 5.2 percent unemployment rate for Sacramento County and a negative year-over payroll trend for the broader MSA, with...
San Mateo County Posts California’s Lowest Unemployment Rate Among Major Counties, but the Peninsula’s Labor Market Is Being Reshaped From Within
At 3.8 percent, the county’s jobless rate is the envy of every metro in the state. The forces behind that number — a...
Silicon Valley Posts One of California’s Lowest Unemployment Rates, but the Jobs Powering That Number Are Changing Fast
Santa Clara County’s 4.2 percent unemployment rate sits well below Los Angeles, San Diego, and the statewide average — yet professional and business...
San Francisco–San Mateo Payrolls Drop 12,200 in January, but the Bay Area’s Recovery Keeps Building Underneath
A tech sector that is growing again, a restaurant scene that refuses to slow down, and a construction rebound all point to an...
Tech Employment Stabilizes as AI Hiring Counters Broader Layoffs, Reshaping Bay Area Office and Housing Markets
Technology workforce holds at 224,000 jobs while physical office occupancy surges 10 percent and population growth forecast signals renewed housing demand across the...
The Resilient Factory: How Bay Area Manufacturing Is Reinventing Itself in 2025
Despite job losses and rising costs, the region’s manufacturers are betting on innovation, automation, and proximity to remain competitive in an uncertain economic...
Shorenstein Acquires JP Morgan’s 258,000 SQFT Bay Meadows Complex in San Mateo for $144.5MM
Shorenstein acquires San Mateo property for $144.5 million, marking 17 percent discount from original asking price Shorenstein Investment Advisers closed on its acquisition...
115,000 SQFT Two-Building Industrial Complex in Fresno Listed for $12.5MM
A 96-percent leased, two-building industrial complex at 2788 & 2794 N Larkin Ave. in Fresno has been brought to market at $12.5 million,...
Beacon Economics’ 2025 Outlook: Can California Sustain Its Economic Edge Amid Rising Pressures?
California begins the second half of 2025 in a precarious economic position—still the nation’s most powerful state-level economy, yet grappling with fundamental constraints...
Korean Investment Fund Buys 100 Middlefield in Menlo Park for $12.3MM
KVIC Silicon Valley, the U.S. arm of Korea’s government venture capital fund, has purchased a Menlo Park office building for $12.3 million, demonstrating...
Activision Publishing and Freshworks Drive 68,356 SQFT of San Mateo Office Leasing Activity
Two major technology companies have secured significant office space in San Mateo in the second quarter, reflecting growing tenant confidence in the Peninsula...
