The EBEDA reported on the July numbers. While the report is not optomistic, it is important to note this is a normal part of the economic cycle. The highlights of the report:

* Unemployment increased, rising to 6.7 percent from 6.2 in June

* Professional & business services lost 300 jobs between June and July, far below the typical seasonal increase of 500 jobs

*Increased inventory and falling prices helped sales in Contra Costa County post annual increases for the first time in over a year

*Commercial construction permits showed an annual increase of 30 percent in Alameda County

*The Port of Oakland posted a year-over gain in exports while imports declined

Read the full report by clicking here.