Having slipped by about a thousand in June, the number of people living in San Francisco with a job jumped by 6,500 in July and now totals a record 532,100, up 20,900 versus the same time last year and an increase of 95,400 since January 2010, a 22 percent jump in under six years.
There are currently 66,600 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 553,000 last month.
The current unemployment rate in San Francisco measures 3.8 percent, up from 3.5 percent in June but down from over 10 percent in January of 2010, according to data provided by California’s Employment Development Department.
East Bay employment increased by 7,400 to a record 1,309,600 in July, up 30,700 versus the same time last year with employment in Alameda County, which includes Oakland, jumping by 4,500 to a record 785,000, up 18,600 year-over-year.
The Alameda County unemployment rate currently measures 5.0 percent, down from 6.3 percent at the same time last year and versus 11.2 percent in January of 2010.
The unemployment rate in Marin County ticked up from 3.4 to 3.7 percent in July and from 3.3 percent to 3.6 percent in San Mateo. The un-adjusted unemployment rate in California ticked up to 6.5 percent.