Preliminary October labor force data counts for San Francisco, Marin and San Mateo counties pegs the unemployment rate at 9.3%, 8.0% and 8.5% respectively, down 0.3 percentage points in San Francisco, down 0.4 percentage points in Marin, and down 0.6 percentage points in San Mateo.
On a revised basis, the number of unemployed in San Francisco decreased by 1,600 in October (from 44,100 to 42,500) as the number of employed increased by 500 (from 412,200 to 412,700) and the labor force contracted by 1,100 (from 456,300 to 455,200).
Overall unadjusted California unemployment fell by 0.3 percentage points to 12.0% as the labor force contracted by 74,200 workers and the ranks of the unemployed fell by 60,300.
Monthly Labor Force Data for Counties: October 2010 (Preliminary) [EDD]
San Francisco County Unemployment Holds At 9.7% In September [SocketSite]

Comments from Plugged-In Readers

  1. Posted by sf

    I’m sure if all the unemployed Americans moved to another country the national unemployment rate could go down, too!

  2. Posted by R

    Um. 42,500 minus 44,100 is not 500.
    And 417,000 minus 412,200 does not equal 500.
    I’m confused.
    [Editor’s Note: Good catch and since corrected.]

  3. Posted by condoshopper

    i still don’t understand how they can pin the labor force number so concisely. how did they track the 1,100 people that supposedly dropped out of the labor force?

  4. Posted by EH

    condoshopper: people who ran out of unemployment checks before getting another job.

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