With an above-average bump in seasonal hires, the unemployment rate in San Francisco dropped from 2.7 percent in June to 2.4 percent in July, with the labor force having increased by 8,700 to 574,400 and the number of people residing in the city with a job, including summer interns and college students returning home, having increased by 9,700 to 560,400.
And as such, there are now 123,700 more people living in San Francisco with paychecks than there were at the start of 2010 and 5,500 more than at the same time last year versus a year-over-year increase of 9,800 in July of 2017.
In Alameda County, which includes the City of Oakland, the estimated number of people living in the county with a paycheck increased by 9,700 to 827,200, which is 134,400 more than at the start of 2010 and 8,100 above its mark at the same time last year with an unemployment rate of 3.2 percent.
Across the greater East Bay, total employment increased by 16,400 in July to 1,376,100, which is 13,600 above its mark at the same time last year, and the unemployment rate dropped to 3.2 percent.
Up in Marin, the number of employed residents jumped by 3,300 to 139,300 in July, which is 1,200 higher versus the same time last year, and the unemployment rate dropped to 2.5 percent.
And down in the valley, employment in San Mateo County increased by 7,900 to 446,600, which is 4,500 above its mark at the same time last year, and employment in Santa Clara County increased by 10,100 to 1,034,000 in July, which is 20,900 more than at the same time last year, driving the unemployment rate down to 2.7 percent and 2.6 percent across Silicon Valley overall.