A report released Thursday claimed it will take another two to three years for the Bay Area to regain all jobs that were lost in the recession.
However, the report also suggested that the road to recovery runs right through Silicon Valley. The Bay Area Council Economic Institute expects Silicon Valley to recover all of the jobs that have been lost by 2014.
It’s a view shared by Robert Dye, chief economist at Comerica Bank. “Some parts of the country have already recovered their jobs, but in some parts it will take a lot longer,” said Dye. “We do see job growth as a lagging part of the economic recovery so another couple of years to get back to that pre-recession high makes sense to me.”