San Francisco Bay Area Economy Gaining Momentum, Says Union Bank Senior Economist Keitaro Matsuda
October 10 2006 - 10:30AM
Business Wire
Union Bank of California: WHAT: Keitaro Matsuda, senior economist
for Union Bank of California, today released his October 2006
Economic Report focused on the San Francisco Bay Area. The report
highlights the acceleration of the region's economy, which is
especially significant because it took the Bay Area longer than any
other region in the state to emerge from the recession earlier this
decade. The report, titled "The San Francisco Bay Area Finally
Catches up with the Rest of the State," is part of a monthly series
produced by Matsuda on the California, Pacific Northwest and U.S.
economies. � WHY: The October 2006 Economic Report discusses
factors affecting the economic outlook in the San Francisco Bay
Area, including: � -- Rapid pace of regional job growth, increasing
one and a half times the rate achieved in 2005 � -- Effect of
housing boom and service industries on regional employment
statistics, particularly in the East Bay � -- Importance of digital
media, biotechnology, and alternative energy as future sources of
economic growth � WHO: Keitaro Matsuda has served as senior
economist for Union Bank of California since 1997. He monitors
economic trends and developments for Union Bank management and
customers. Mr. Matsuda is also a member of the economic advisory
committee of the American Bankers Association. Union Bank of
California, the wholly owned subsidiary of UnionBanCal Corporation
(NYSE: UB), provides a broad range of financial services to
consumers, small businesses, middle market and large corporations.
� AVAILABILITY: The October 2006 Economic Report is available upon
request. � INTERVIEW: Keitaro Matsuda is available for interviews
to share his insights about local, state and national economies.
Please contact Alicia Romero or Jessica Vitale to schedule an
appointment. Union Bank of California: -0- *T WHAT: Keitaro
Matsuda, senior economist for Union Bank of California, today
released his October 2006 Economic Report focused on the San
Francisco Bay Area. The report highlights the acceleration of the
region's economy, which is especially significant because it took
the Bay Area longer than any other region in the state to emerge
from the recession earlier this decade. The report, titled "The San
Francisco Bay Area Finally Catches up with the Rest of the State,"
is part of a monthly series produced by Matsuda on the California,
Pacific Northwest and U.S. economies. WHY: The October 2006
Economic Report discusses factors affecting the economic outlook in
the San Francisco Bay Area, including: -- Rapid pace of regional
job growth, increasing one and a half times the rate achieved in
2005 -- Effect of housing boom and service industries on regional
employment statistics, particularly in the East Bay -- Importance
of digital media, biotechnology, and alternative energy as future
sources of economic growth WHO: Keitaro Matsuda has served as
senior economist for Union Bank of California since 1997. He
monitors economic trends and developments for Union Bank management
and customers. Mr. Matsuda is also a member of the economic
advisory committee of the American Bankers Association. Union Bank
of California, the wholly owned subsidiary of UnionBanCal
Corporation (NYSE: UB), provides a broad range of financial
services to consumers, small businesses, middle market and large
corporations. AVAILABILITY: The October 2006 Economic Report is
available upon request. INTERVIEW: Keitaro Matsuda is available for
interviews to share his insights about local, state and national
economies. Please contact Alicia Romero or Jessica Vitale to
schedule an appointment. *T
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