Having ticked up in October, the number of people living in San Francisco with a job increase by another 5,500 over the past month to a record 571,000 at the end of November and the labor force increased by 5,000 to 583,700, pushing the unemployment rate, which hit a record low of 2.1 percent in April, back down to 2.2 percent.
And as such, there are now 134,300 more people living in San Francisco with paychecks than there were at the start of 2010 and 13,900 more than at the same time last year versus a year-over-year increase of 12,300 at the same time last year or a year-over-year gain of 15,900 in November of 2015.
In Alameda County, which includes the City of Oakland, the estimated number of people living in the county with a paycheck jumped by 7,400 to a record 846,000, which is 153,200 more than at the start of 2010 and 20,500 above its mark at the same time last year, and the unemployment rate dropped to 2.8 percent.
Across the greater East Bay, total employment ticked up by 12,200 in November to 1,407,900 and is now running 34,500 above its mark at the same time last year while the unemployment rate has dropped to 2.8 percent as well.
Up in Marin, the number of employed residents inched up by 400 to 142,400, which is 4,000 above its mark at the same time last year, and the unemployment rate has dropped to 2.0 percent.
And down in the valley, employment in San Mateo County increased by 4,400 to a record 455,400 in November, which is 4,400 above its mark at the same time last year, and the unemployment rate has dropped to 2.0 percent while employment in Santa Clara County increased by 10,900 to a record 1,058,400, which is now 40,400 more than at the same time last year, and the unemployment rate has dropped back down to 2.4 percent, resulting in a blended unemployment rate of 2.3 percent across Silicon Valley and 2.5 percent across the greater Bay Area.