East Bay Economic Update - August 2010

Posted by Expert Gadget Reviewer on Friday, 3 September 2010

Latest update from the East Bay Economic Development Alliance - take it with a grain of salt, because it feels like things are changing rapidly (for the better), and this data is now 30 days old.

Unemployment:  East Bay rate was 11.8 percent in July 2010, up from a revised 11.4 percent in June 2010, and above the year-ago estimate of 11.3 percent. This number compares to the following:
  • California: 12.8 %
  • Alameda County: 11.9%
  • Contra Costa County 11.7%

Building Permits: The dollar value of commercial permits issued in the East Bay fell 49.9 percent when compared with the previous period. Commercial building permit values declined throughout the Bay Area during this period, falling most sharply in the Napa region (down 98.1 percent).

Industrial permits were actually up during this time period, primarily due to the East Bay and Vallejo-Fairfield regions. These areas experienced 420.4% and 310.4% increases compared to the previous period.