At a time of the year when Bay Area employment figures typically tick up, the number of people living in the city of San Francisco with a job dropped by 1,200 in March to 555,500. But with 2,300 people having been removed from the labor force, the unemployment rate actually dropped to 2.4 percent from 2.6 percent in February.
And while there are still 90,000 more people living in San Francisco with paychecks than there were at the end of 2000, an increase of 118,800 since January of 2010, the year-over-year increase of 4,400 last month was the smallest growth rate since 2009.
In Alameda County, which includes the City of Oakland, the estimated number of people living in the county with a paycheck slipped by 2,000 to 823,900 in March, which is still 7,700 more than at the same time last year and a gain of 131,100 since the beginning of 2010, while the unemployment rate in the county dropped to 3.0 percent as the labor force contracted.
Across the greater East Bay, employment dropped by 3,400 to a record 1,370,700 while the unemployment rate dropped from 3.3 to 3.0 percent.
Up in Marin, the number of employed residents slipped by 800 to 137,500, which puts the unemployment rate at 2.3 percent.
And down in the valley, employment in San Mateo County slipped by 1,000 to 442,900, which is still 3,600 higher than at the same time last year with an unemployment rate of 2.2 percent, and the number of employed residents in Santa Clara County dropped by 3,300 to 1,019,900 in March, which is still 19,500 more than at the same time last year with an unemployment rate of 2.6 percent.