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Unemployment at lowest levels on West Coast

San Francisco holds the title of the lowest unemployment rate on the west coast, driven primarily by the robust technology sector and the resulting jobs created within the industry and supporting sectors.

Companies looking to expand may run into headwinds as talent acquisition becomes increasingly difficult. Some firms are looking to other markets for expansion to deal with talent and wage pressures here.

2016 employment growth slowed to 2.0 percent compared to 4.6 percent in 2015. Natural restrictions including cost of living and limited housing inventory pose concerns for sustained growth within the region. ​

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