SAN FRANCISCO (CBS SF) – Annual job growth in the combined San Francisco/Peninsula region outpaced the other two metropolitan divisions of the Bay Area, according to a report by economic advisory firm Beacon Economics.

Total nonfarm employment grew by 3.5 percent in San Francisco and San Mateo County between October 2018 and October 2019, compared with 3 percent in Santa Clara and San Benito counties and 2.2 percent in the East Bay.

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San Francisco and San Mateo County added 40,400 jobs in the same period, second only to Los Angeles statewide.

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Unemployment in the San Francisco/Peninsula area remains low at 1.9 percent, the October figures show, 2 percent below the state unemployment rate.

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