The Bay Region Center of Excellence (COE) has compiled and published a year-in-review analysis of unemployment and employment in the region during 2022 with key trends to consider for the labor market and workforce moving forward.
The Bay Region’s labor market has recovered significantly from the severe loss of jobs that occurred during the early months of the Covid-19 pandemic in 2020.
As of December 2022, the Bay Region’s economy has gained back all the jobs lost since March 2020, plus added an additional 61,700 jobs. The regional unemployment rate of 3.3% is below the March 2020 unemployment rate of 4.7%.
To read the full 2022 Year in Review Report, click here.
The Bay Region COE also provides bi-monthly updates on unemployment, industry employment, and in-demand jobs and skills across the 12-county region. Visit here to view previously released LMI News and Updates for the region.