Among the 10 largest metro areas in California, Sacramento is the furthest behind and soon will be the only large metro area still below pre-recession levels. The good news is that Sacramento is recovering nicely now, but the recovery started about two years late in this region. However, the biggest outlier is on the positive side not negative. Silicon Valley and San Francisco is in a league of its own.
Anaheim-Santa
Ana-Irvine Metro Div
|
-0.25%
|
|
Bakersfield
MSA
|
7.90%
|
|
Fresno
MSA
|
1.77%
|
|
Los
Angeles-Long Beach-Glendale Metro Div
|
1.66%
|
|
Oakland-Hayward-Berkeley
Metro Div
|
2.17%
|
|
Riverside-San
Bernardino-Ontario MSA
|
1.61%
|
|
Sacramento-Roseville-Arden
Arcade MSA
|
-1.45%
|
|
San
Diego-Carlsbad MSA
|
3.52%
|
|
San
Francisco-Redwood City-South San Francisco Metro Div
|
13.40%
|
|
San
Jose-Sunnyvale-Santa Clara MSA
|
12.06%
|
Focusing just on the Central Valley, there is a geographical pattern from north to south. The worst recovering areas are in the Sacramento Valley, while the strongest growth has been in the drought-stricken areas of the south Valley. Stockton and Sacramento metro areas are virtually tied, and both should finally cross this job recovery threshold this summer. While it has been a painfully slow process, it is actually two years sooner than we were predicting back in 2011.
| Yuba City | -4.72% |
| Redding | -4.39% |
| Sacramento | -1.45% |
| Stockton | -1.44% |
| Modesto | 0.06% |
| Chico | 0.39% |
| Visalia | 1.48% |
| Fresno | 1.77% |
| Madera | 3.65% |
| Merced | 5.10% |
| Bakersfield | 7.90% |
| Hanford | 9.77% |
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