Bay Area Regional Economy Report

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Bay Area Regional Economy Report
Stephen Levy Center for the Continuing Study of
the California Economy
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The Twin Challenges of Economic Growth and
Workforce Investment

• Economic Growth
• Identify sectors for innovation and growth, for
  example, biotech and nanotech
• Identify workforce and other policies to support
  high growth sectors
• Most focus will be on the regions economic base
• Workforce Investment
• Identify sectors where people can find career
  paths and upward mobility, for example, nursing
  and construction
• Identify workforce policies that support both
  individuals and sectors
• Most focus may be on population-serving sectors

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Different time periods give slightly different
results, but the overall pattern remains constant
California and the nation are suffering the
same job losses
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In Sept 03, the state and national unemployment
rates were the closest since 1990
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California, Texas and the nation have all lost
approximately 15 of their manufacturing jobs
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The Bay Area had below average shares in
Wholesale and Retail Trade and Government
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