Bay Area job market suffered mini-recession' in 2023: new statsJob market in Bay Area suffered job losses throughout 2023 before mounting a hiring rebound.Bay Area economy experienced a 'mini-recession' in 2023 with a significant revision in job numbers.
Hiring jumped in May but so did unemploymentHiring rebounded in May with 272,000 jobs added, yet unemployment slightly increased to 4%. Strong wage gains could pressure inflation and interest rates.