Employment in San Francisco has reached another all-time high as the number of residents with a paycheck increased by 1,300 last month and now totals 477,600 with an unemployment rate of 4.4 percent, the second lowest rate since 2008, according to California’s Employment Development Department.
That’s 17,600 more people employed in San Francisco than at the same time last year. And that’s and 12,100 more people than were employed in the city at the height of the dot-com peak in December 2000 when the unemployment rate measured 3 percent based on a labor force of 480,000 versus 499,400 last month.
The unemployment rate in San Francisco topped out at a little over 10 percent in January of 2010 when 69,900 fewer San Francisco residents were employed than today.
The unemployment rates in Marin and San Mateo dropped in September as well, to 3.9 percent and 4.1 percent respectively, as did the unadjusted unemployment rate for California which dropped from 7.4 to 6.9 percent.