Vital Valley, Struggling Valley
By Sharon Simonson
SAN JOSE and PALO ALTO—As San Francisco and Silicon Valley lead California job growth, Bay Area economic recovery remains irregular. San Francisco and the South Bay have regained their 2007 peak employment—but not their dot-com peaks—while the East Bay, Oakland and Marin County have only begun to recover from the financial crisis, according to Palo Alto’s Center for Continuing Study of the California Economy and state data.
Thirteen years after the dot-com boom, at not quite $91,000 a year, Santa Clara County’s median household income remained 11 percent below what it was in 1999, while 7 percent fewer households, or more than 12,000, earned above $150,000 a year, according to the most current Census Bureau data. San Francisco has 13,000 fewer employed residents toda...
