Despite July Slip, Bay Area Employment Rates Still Best in State

Bay Area Lowest Unemployment Rate

Jobless claims increased in all nine Bay Area counties from June to July, but four of our local markets still boast the lowest unemployment rates in California. And another recent study predicts continued prosperity for the Silicon Valley economy, which should help keep demand for real estate high.

According to data from the California Employment Development Department, Marin County had the fewest number of unemployment claims in July, at 4.4 percent on a nonseasonally adjusted basis. San Mateo (4.7 percent) and San Francisco (4.9 percent) were the only other counties in the state with unemployment rates of less than 5 percent.

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