economic growth

6:01pm

Wed August 6, 2014
Economy/Labor/Biz

Thinking more strategically about the Bay Area economy

Downtown Twitter Headquarters in San Francisco
Under CC license from Flickr user Scott Beale.

The Bay Area is constantly evolving. We've gone from the Gold Rush to Silicon Valley; shifted from boom to bust, and back again. It can feel a little bit like déjà vu. Back in 2000, just before the dot-com bubble burst, unemployment in San Francisco was at an all-time low of 3 percent. It’s nearing that again – approaching what economists call "full employment," meaning, statistically anyway, there are jobs for everyone who wants one.

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