The number of people living in San Francisco with a job slipped from an upwardly revised record 526,500 in May to 526,100 in June but remains 19,300 higher on a year-over year basis.
At the same time, East Bay employment increased by 2,200 to a record 1,303,000, up 28,000 versus the same time last year, with employment in Alameda County alone increasing by 1,500 to a record 781,000 in June, up 17,000 year-over-year.
There are currently 60,600 more people living in San Francisco with paychecks than there were at the height of the dot-com peak in 2000 at which point the unemployment rate measured 3 percent with a labor force of 480,000 versus 545,400 last month.
The number of employed San Francisco residents has increased by 89,400 since January of 2010, a 20 percent jump in a little over five years. And the current unemployment rate in San Francisco measures 3.5 percent, down from over 10 percent in January of 2010, according to data provided by California’s Employment Development Department.
The East Bay unemployment rate is currently 4.7 percent, down from 5.8 percent at the same time last year and 11.2 percent in January 2010.
The unemployment rate in Marin ticked up from 3.3 to 3.4 percent in June and held steady at 3.3 percent in San Mateo. The un-adjusted unemployment rate in California held at 6.2 percent.