The number of people living in San Francisco with a job jumped by another 4,100 in August and now totals a record 535,700, up 24,100 versus the same time last year and an increase of 99,000 since January of 2010, a 23 percent increase in less than six years.
There are now 70,200 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 555,500 last month.
The current unemployment rate in San Francisco measures 3.6 percent, down from over 9 percent in January of 2010, according to data provided by California’s Employment Development Department.
Having jumped by a revised 6,700 in July, East Bay employment slipped by a nominal 300 in August to 1,308,600. Employment in Alameda County, which includes Oakland, slipped by 300 to 784,300 in August but is 20,200 higher versus the same time last year.
The unemployment rate in Alameda County currently measures 4.8 percent, down from 6.1 percent at the same time last year and versus 11.2 percent in January 2010.