The number of people living in the city of San Francisco with a job jumped by 6,700 in September to a record 555,200, pushing the unemployment rate back down to 2.9 percent.
As such, there are now 89,700 more people living in San Francisco with paychecks than there were at the end of 2000, an increase of 118,500 since January of 2010 and 10,000 more than at the same time last year.
Keep in mind that last month’s year-over-year gain in employment was 24 percent lower than the year-over-year gain registered at the same time last year (13,300) and only half the year-over-year gain recorded in September of 2015 (20,400). And prior to last month’s jump, the year-over-year gain in San Francisco employment had been trending down since mid-2015.
In Alameda County, which includes Oakland, employment jumped by 8,900 to a record 817,100 in September which is 10,700 higher versus the same time last year. There are now 125,100 more people living in the Alameda County with paychecks since the beginning of 2010 and the unemployment rate has dropped to 3.7 percent.
And across the greater East Bay, employment increased by 15,000 to a record 1,358,800, pushing the unemployment rate back down to 3.8 percent.
Up north, the unemployment rate in Marin County dropped to 2.9 percent as the labor force increased by 1,300 while the ranks of those employed increased by 2,000 to 139,900 overall and within 1,000 of a record 140,900 set in December of 2000.
And down in the valley, the unemployment rate in San Mateo County dropped from 3.4 to 2.9 percent as the number of employed residents increased by 5,500 to a record 446,000 while employment in Santa Clara County increased by 12,700 to a record 1,005,600 and the unemployment rate dropped to 3.3 percent.