“It’s like you’re trading baskets when you’re already down 20 points.”
— Jeffrey Michael, director of the Business Forecasting Center at University of the Pacific, talking about California’s uneven recovery.
Bay Area jobs grew at rates such as 2.5 percent (Santa Clara County) or 2.3 percent (San Francisco metro area).
But Central Valley job growth struggled upward at 0.5 percent.
This gap is not widening. But it is not closing either. Hence Michael’s quote in this story.