With school year seasonality and an influx of interns in play, both the labor force and number of people living in San Francisco with a job jumped like Kris Kross in July.
While the jumps were to be expected, the 9,900 person increase in the labor force was 65 percent above average for the past five years. And the 8,900 person jump in employment was 75 percent above the post-recession average for July.
As such, there were 76,600 more people living in San Francisco with paychecks last month than there were at the end of 2000, an increase of 105,400 since January 2010 and 11,100 more versus the same time last year.
And the number of people living in San Francisco with a job (542,100) has increased by 5,700 since the end of 2015, but that’s versus an increasing by 10,500 from the end of 2014 to the same time last year.
In Alameda County, which includes Oakland, the labor force jumped by an above-average 14,300 in July while the number of employed residents jumped by an above average 12,300.
In fact, the number of people living in Alameda County with a job last month was up by 113,300 since January of 2010, a greater increase than in San Francisco.
And employment across the greater East Bay jumped by 20,600 in July, the biggest jump in over 15 years, while employment jumped by 7,300 in San Mateo and by 7,800 in Santa Clara County.