Bay Area Job Market Evolves: Tech Shifts, AI Rises, Public Sector Stabilizes

The San Francisco Bay Area job market is in a slower, uneven expansion phase, with tech still dominant but no longer the singular growth engine. Axios, citing Indeed data, reports San Francisco job postings are down about 37 percent from early 2020, reflecting sharp pullbacks at major tech employers like Google, Meta, and Salesforce after overexpansion and higher interest rates. Enrico Moretti at UC Berkeley notes that the correction is concentrated in white-collar tech roles, even as artificial intelligence hiring, especially in San Francisco, is creating new high-paying openings and reshaping demand for machine learning, data, and infrastructure talent. Statewide forecasts summarized...