San Francisco Employment Up By 2,400, Unemployment Under 8%

Preliminary April labor force data counts for San Francisco, Marin and San Mateo counties pegs the unemployment rates at 7.4%, 6.4% and 6.8% respectively, down 0.7 points in San Francisco and San Mateo, down 0.6 points in Marin.
On a revised basis, the number of unemployed in San Francisco fell by 3,500 in April (from 38,200 to 34,700) while the labor force contracted by 1,200 (from 470,900 to 469,700) and the number of employed increased by 2,400 (from 432,600 to 435,000).
Employment is up by 23,200 workers in San Francisco year-over-year but remains 30,500 workers below a December 2000 dot-com peak (at which point the unemployment rate measured 3 percent).
Overall unadjusted California unemployment fell to 10.5% in April as the labor force contracted by 131,800 workers and the ranks of the unemployed fell by 189,300.
∙ Monthly Labor Force Data for Counties: April 2012 (Preliminary) [EDD]
∙ San Francisco Employment Up By 2,000 In March, Up 20,000 YOY [SocketSite]
∙ San Francisco Employment Trends And Dot-Com Context [SocketSite]