With the state’s latest labor force revisions and refinements now complete, the estimated number of people living in San Francisco who have a job now measures 520,900, a nominal increase of 400 since the beginning of the year but also a new all-time high.
Since January of 2010, the number of employed residents in San Francisco has increased by 84,200, a 19 percent jump in just five years. And the current unemployment rate in the city measures 3.6 percent, the lowest rate since 2000.
Compared to the height of the dot-com peak in December 2000, at which point the unemployment rate in San Francisco measured 3 percent with a labor force of 480,000 (versus an adjusted 540,500 today), there are 55,400 more people living in San Francisco with paychecks than there were before.
The unemployment rates in Marin and San Mateo have dropped below 4 percent, to 3.5 percent and 3.4 percent respectively, and the unadjusted unemployment rate for California has dropped to 6.5 percent.