No matter how you slice it, Silicon Valley’s iconic next-door neighbor will not be displaced as the business hub of California anytime soon, which is great news for the nearest metropolitan area: San Francisco-Oakland-Hayward is one of the top 20 most hiring metro areas on Lensa, beating out its southern tech hub neighbor by several spots.
While job growth is not skyrocketing, it is extremely stable and superior to the national average: year-over-year job growth in the Bay Area reached 2.4% in early 2019, which is a significant increase over both national and state job growth, which sit at 1.7% and 1.4% respectively. Meanwhile, unemployment remained particularly low in the region – 2.0% as of November 2019, while California unemployment was 3.7% the national average sat at 3.5%. This stability notwithstanding, the Bay Area also experiences periods of impressive growth, which is no surprise for arguably the most future-focused employment hub in the nation. Workers from around the globe flock to the San Francisco area to seek gainful employment and a better life beside the Pacific, and not without reason: San Francisco ranks as the seventh best place to live according to U.S. News, having earned a perfect desirability score.
It is a good time to be a jobseeker in the Bay Area, with the retirement wave opening more and more jobs while increasing numbers of people leave the region due to problems of high cost-of-living, overcrowding and gentrification. And the slightly slower labor growth, combined with the exodus of people to more affordable areas, is encouraging employers to seek new workers outside of traditional talent pools, so people returning to the workforce after absences or with more highly varied qualifications and experiences have improved chances of employment.
Think you have what it takes to make it in the City by the Bay? Here are some important employment trends to help you start your search.
Top Industries in the Bay Area
With the San Francisco metro area being the key business hub for northern California, you can understandably find any kind of work there. But some industries are growing faster than others, according to the Bureau of Labor Statistics. The highest-growth industry from November 2018-2019 was Information, closely followed by a four-way tie in Construction, Financial Services, Education and Health Services. The following are the most demanding industries on Lensa in the San Francisco metro area:
Top Hirers and Jobs in San Francisco
We’ve also compiled a list of the San Francisco area’s most-hiring companies on Lensa in 2019 to give you an idea of where to start your job search: