Job growth in the Bay Area will outpace California and the United States, according to a new report.

Steven E.F. Brown
Web Editor- San Francisco Business Times

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With job growth over 3 percent, the Bay Area should “continue to lead the recovery” in California this year, according to a report from the University of the Pacific.

While the Golden State’s job growth will stick at about 2 percent over the next few years — that’s marginally faster than the likely U.S. rate — the metropolitan region around Oakland and San Francisco will outstrip that. So says a report by the Stockton school’s Business Forecasting Center.

The report says, however, that Bay Area job growth will slip below 2 percent in 2014 “as the national economy fully recovers and high housing costs and other constraints to growth become more binding.”

Growth in 2014 will shift inland to Sacramento and Stockton — construction and real estate jobs will increase, and state and local governments will recover slowly.

Steven E.F. Brown is web editor at the San Francisco Business Times.

Article source: http://www.bizjournals.com/sanfrancisco/news/2013/02/12/bay-area-will-lead-californias.html