The number of people living in San Francisco with a job ticked up by 2,000 in December to a record 572,800, roughly matching the December increase in the labor force (1,900) which held the unemployment rate in the city, which hit a record low of 2.1 percent this past April, at 2.2 percent.
And as such, there are now 136,100 more people living in San Francisco with paychecks than there were at the start of 2010 and 15,000 more than at the end of 2017.
In Alameda County, which includes the City of Oakland, the estimated number of people living in the county with a paycheck ticked up by 1,100 in December to a record 846,300, which is 153,500 more than at the start of 2010 and 21,300 more than at the end of 2017, while the unemployment rate held at 2.8 percent.
Across the greater East Bay, total employment inched up by 1,500 in December to 1,407,900, which is 35,700 above its mark at the end of 2017, while the unemployment rate inched up from 2.8 to 2.9 percent.
Up in Marin, the number of employed residents inched up by 400 to 142,800, which is 5,100 more than at the end of 2017, while the unemployment inched up from 2.2 to 2.3 percent.
And down in the valley, employment in San Mateo County ticked up by 1,500 in December to a record 456,700, which is 12,300 above its mark at the same time last year, and the unemployment rate helod at 2.0 percent, while employment in Santa Clara County increased by 2,200 to a record 1,058,800, which is 38,100 more than at the end of 2017, and the unemployment rate held at 2.4 percent, resulting in a blended unemployment rate of 2.3 percent across Silicon Valley and 2.5 percent across the greater Bay Area.
All that being said, keep in mind that Bay Area home sales actually declined last year. And in San Francisco, pending sales and their associated prices are down, while inventory levels are up.