Having fallen to 5.2% in May, the lowest rate since June of 2008, the unemployment rate in San Francisco reversed course and ticked up 0.5 points to 5.7% in June as the number of employed San Francisco residents fell by 1,600 to 455,500 and the number of unemployed increased by 2,500 to 27,700. The unemployment rate in Marin and San Mateo increased last month as well, up 0.6 and 0.5 points to 5.1% and 5.4% respectively.
Employment in San Francisco is currently up by 19,800 workers on a year-over-year basis versus 22,100 in May, 10,000 workers below a December 2000 dot-com peak at which point the unemployment rate measured 3 percent. The unemployment rate in San Francisco peaked at 10.1 percent in January of 2010 when 47,800 fewer San Francisco residents were employed than today.
The unadjusted unemployment rate in California ticked up to 8.8% in June as the number of employed fell by 41,200 and the number of unemployed increased by 143,500.
Closing In On Peak Employment In San Francisco [SocketSite]
San Francisco Employment Trends And Dot-Com Context [SocketSite]
Monthly Labor Force Data for Counties: June 2013 (Preliminary) [EDD]

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