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North Bay Business Journal

Wednesday, September 5, 2012, 7:00 am

Share your thoughts: Is the North Bay better off than four years ago?

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    Is the North Bay better off than it was four years ago?

    • Yes (28%, 30 votes)
    • No (71%, 77 votes)
    • Unsure (1%, 1 votes)

    Total voters: 108
    Polling period: September 5, 2012 @ 12:05 am – September 11, 2012 @ 11:59 pm

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    This NBBJ Pulse Poll runs through Sept. 11. View all polls.

    Share your thoughts on the economic health of the North Bay via the comments section below.

    NBBJ Pulse PollThe presidential campaigns for the Democratic and Republican parties are trading barbs over whether the national economy is better or worse off than it was four years ago. How has the North Bay fared?

    One measure is the number of jobs. The number of North Bay jobs in all industries from July 2008 through July of this year decreased 4.5 percent, or by nearly 19,500, according to Business Journal analysis of state figures for all but Marin County, for which 2012 figures aren’t yet available. From July 2008 through the end of last year, Marin lost 6,300 jobs, a decline of 5.7 percent.

    Yet, since the low point for North Bay jobs outside Marin in February and March 2010, 21,550 were added back, a gain of 5.5 percent. The recovery in Marin since its low also at that time was on an identical pace and brought back 5,400 jobs.

    Particularly strong job growth has come from North Bay manufacturing.

    The Sonoma County Economic Development Board’s summer business-confidence survey, released in August, found:

    • Business confidence in the county reached a five-year high of 5.9 to 6.1 out of 10.
    • The board’s Purchasing Trends Index increased 18 percent in the summer survey to 71, after robust reports of new customer orders. A score above 50 indicates economic expansion.
    • Yet, local executives think full recovery is one to four years away.

    Still, state figures show the North Bay is back to about the same number of jobs as a dozen years ago. 

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    Comments

    1 Comment

    1. September 6, 2012, 12:47 pm

      by ES

      NO!!! Rents have risen beyond reason…I will be moving to the east bay in the 2013. There is no reason to continue to live in Santa Rosa and pay $1,000+ for 1bd 1bm apartment…when I can live in the East Bay or even SF for a few hundreds more. The landlords are nuts and seem to think that economy for Sonoma County can handle these high rents…There is simply not enough people making 100K+ to support this…it is a joke…if they are making that much, they are buying. I’m out.


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