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Year-over-year growth slows as the market approaches full employment

  • ​The San Francisco-Redwood City-South San Francisco, CA metropolitan statistical area reflected modest employment gains in August with the addition of 3,600 jobs.
  • Construction and Leisure and Hospitality led all industries for employment growth, adding 1,600 and 1,400 jobs respectively.
  • Year-over-year growth has been slowing as the labor market steadily approaches full employment, with unemployment for the region currently at 3.3%. ​

Source: JLL Research, Bureau of Labor Statistics​

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