Are The Unicorns Running For The Door?
December 27th, 2018 | Max Goldberg
Minus some/a lot of government dysfunction, 2018 has been a good year economically for the Bay Area. OK, most of 2018 has been a good year. Obviously, this last 2-3 months has been very turbulent. If you are a wealth management company, I am sure you have been fielding a lot of phone calls from worried clients. As mentioned in previous commentary, the Bay Area is often insulated from many of the national economic troubles because of our strong foundation in technology companies. The November numbers for hiring in the Bay Area are especially gladdening as hiring was not only strong in the tech sector, but across the board including: construction, warehousing, hotel, restaurant, arts and entertainment. This has been the best it’s been for a single month for the last two years. It’s so strong that many forecasters expect 2019 to be another strong year. Execuforce agrees, as we currently have a lot of momentum. However, with some of the biggest “unicorns” expected to go public next year, we have our concerns. Read More >
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