Economy

Jobs by industry refers to both the change in employment levels by industrial sector and the mix of jobs among sectors. This measure reflects the industry trends that affect our region's workers.

Unemployment refers to the share of the labor force – by place of residence – that is not currently employed full-time or part-time. The unemployment rate reflects the strength of the overall labor market.

Household income reflects the median combined earnings of all members of a household from any employment, retirement, investment or other source, based on their residential location. Worker earnings are examined at the individual level and reflect earnings by employment location. Income data highlights how households and workers fare overall in the region on an inflation-adjusted basis.

Home prices refer to the cost of purchasing a house or condominium, as well as any associated land. Consumers and analysts monitor home sale prices as an indicator of both the region's economic health and housing affordability.

Rent payments refers to the cost of leasing an apartment or home and serves as a measure of housing costs for non-homeowners. The data reflect the median monthly rent paid by Bay Area households across apartments and homes of sizes and various levels of quality. This differs from list rents - advertised rents for available apartments - which are usually higher.

Airport activity refers to the number of passenger boardings at Bay Area commercial airports and to the quantity of goods - measured in tons - that arrive in the region as air cargo.

List rents refers to the advertised rents for available rental housing and serves as one measure of housing costs for new households. The data reflect the median monthly rent advertised for available apartments and homes of various sizes and levels of quality. Regional and local data is limited to larger rental properties with more than 40 units and does not capture the advertised prices for smaller apartment complexes. List rents differ from rent payments - the contract rent paid by the cross-section of current renters - which are usually lower in high inflation housing markets.

Economic output – measured by both the total and per capita gross regional product – refers to the inflation-adjusted value of goods and services generated by workers and companies in a region.

Seaport activity refers to the quantity of goods moved into or out of the region through seaports. Seaport activity is measured at major ports by the number of shipping containers moved. These are known as twenty-foot equivalent units (TEUs).