While seasonal hiring typically ticks employment up at the end of the year, the number of people living in San Francisco with a job slipped by 500 in December to 556,900 while the unemployment rate held at a record low of 2.3 percent as the size of the labor force atypically slipped as well.
That being said, there are still 91,400 more people living in San Francisco with paychecks than there were at the end of 2000, an increase of 120,200 since January of 2010 and 9,700 more than at the same time last year.
In Alameda County, which includes Oakland, employment slipped at the end of the year as well, from a record 823,900 in November to 822,600 in December but remains 11,700 higher versus the same time last year. And as such, while the unemployment rate inched up from a record low 2.9 to 3.0 percent there are still 130,600 more people living in the Alameda County with paychecks since the beginning of 2010.
Across the greater East Bay, employment slipped by 2,400 to 1,367,500 while the unemployment rate held at 3.0 percent and within 0.1 percentage points of the 2.9 percent record low set in December 2000.
Up north in Marin County, the number of employed slipped by 900 to 139,500 and the unemployment rate inched up from a record low 2.2 to 2.3 percent.
And down in the valley, while the unemployment rate in San Mateo County held at a record low 2.1 percent the number of employed residents slipped by 600 to 447,300. But employment in Santa Clara County actually increased by 2,800 to a record 1,017,700 while the unemployment rate held at 2.6 percent which is within 0.2 percentage points of the county’s 2.4 percent record low set at the end of 2000.