San Francisco and East Bay Employment, and Unemployment, GainNovember 20, 2015
The number of people living in San Francisco with a job ticked up by 1,600 from September to October and now totals 536,200. But with the labor force having increased by 3,100, and the number of unemployed residents having ticked up by 1,500 as well, the unemployment rate in the city now measures 3.4 percent versus 3.2 percent the month before, which was the lowest unemployment rate since December 2000.
There are now 70,700 more people living in San Francisco with paychecks than there were at the height of the dot-com peak in 2000, up by 19,200 over the past year and an increase of 99,500 since January of 2010, a 23 percent increase in employment in under six years according to data provided by California’s Employment Development Department.
At the same time, East Bay employment increased by 2,300 in October to 1,309,600, with employment in Alameda County, which includes Oakland, accounting for the 60 percent of the gain and now measuring 785,100, up by 13,400 versus the same time last year.
But with the labor force in Alameda County having increased by 4,200 in October, the County’s unemployment rate ticked up to 4.5 percent, down from 5.6 percent at the same time last year and versus 11.2 percent in January 2010.
Comments from Plugged-In Readers