The number of people living in San Francisco with a job reached a record 525,600 in May, an increase of 1,700 as compared to the month before and 19,900 more employed than at the same time last year.
There are now 60,100 more people living in San Francisco with paychecks than there were at the height of the dot-com peak in 2000, at which point the unemployment rate measured 3 percent with a labor force of 480,000, versus 544,700 last month, according to data provided by California’s Employment Development Department.
The number of employed residents in San Francisco has increased by 88,900 since January of 2010, a 20 percent jump in a little over five years. And while the unemployment rate in San Francisco ticked up to 3.5 percent in May as the labor force grew faster than employment, it’s down from over 10 percent in January of 2010.
The unemployment rate in Contra Costa County is currently 4.8 percent, down from 5.9 percent at the same time last year and 11.3 percent in January 2010. The unemployment rate in Marin and San Mateo sits at 3.3 percent. And the un-adjusted unemployment rate in California ticked up from 6.1 to 6.2 percent in May.