The Mark Company Report March Job Growth Slows
April 25, 2017

California Creates 20 Percent of U.S. Jobs in March

Pacific Union Chief Economist Selma Hepp examines March job numbers in California and the Bay Area.

  • According to the latest numbers from the California Employment Development Department, the state added 19,300 jobs in March, which is one in five positions that were created nationwide.
  • California’s job growth continues at a steady pace. With a 4.9 percent unemployment rate, the state’s jobless claims are the lowest since December 2006. Keep in mind that slowing job growth is normal at this point in the economic cycle given that the state has reached full employment. Year-over-year job growth ticked up to 2.1 percent in March, from February’s five-month low. California has added more jobs than any other state, outperforming Texas and Florida by about 100,000 positions since March 2016.

To read the full analysis by Pacific Union Chief Economist Selma Hepp, click here:

About The Mark Company

The Mark Company is one of the nation’s premier urban residential marketing and sales firms. Founded by Alan Mark in 1997, The Mark Company provides a full range of core consulting services including analytics, design, marketing and sales for urban high-rises and suburban attached properties throughout the Western United States. The firm is a trusted partner to global leaders in residential development and finance, providing buyer-driven sales and marketing strategies that produce industry-leading results. The Mark Company has represented more than 10,000 residences and generated over $5 billion in sales for some of the nation’s most notable and successful developments including The Infinity in San Francisco, Evo in Los Angeles and The Martin in Las Vegas. Current projects include 181 Fremont Residences and The Austin in San Francisco and Cavalleri in Malibu. The Mark Company is a subsidiary of San Francisco-based Pacific Union International, the ninth largest residential real estate brokerage in the U.S. based on 2015 sales volume of $8.22 billion. Pacific Union merged with Los Angeles-based brokerage John Aaroe Group in December 2016. This strategic business collaboration links three of the strongest residential real estate firms on the West Coast, supporting combined 2016 production of $10.1 billion by 1,161 real estate professionals in 38 offices throughout California. The Mark Company benefits from an enriched leadership team, innovative technology and added global reach through its affiliation with Christie’s International. For more information, please visit