Having benefited from a seasonal bump in the onboarding of new graduates in September, the number of people living in San Francisco with a paycheck inched up by another 100 in October and now totals a record 579,900. But with a labor force that increased by 900 over the same period of time, to 591,500, the unemployment rate inched up from a record low of 1.8 to 2.0 percent as well.
As such, there are now 10,600 more people living in the city with paychecks than there were are the same time year (versus a year-over-year gain of 19,300 in October of 2018) and 143,200 more employed than in January of 2010.
At the same time, the estimated number of employed people living in Alameda County, which includes the City of Oakland, slipped by 100 to 837,600 but remains 8,400 above its mark at the same time last year while the unemployment rate inched up from 2.5 to 2.6 percent.
Across the greater East Bay, including Solano County, total employment inched up by 600 in October to 1,596,300, which is 12,700 higher than at the same time last year, while the unemployment rate inched up from 2.6 to 2.7 percent.
Up in Marin, the number of employed residents slipped by 500 to 140,100, which is still 600 more than at the same time last year, while the unemployment rate inched up from 1.9 to 2.0 percent. Employment in Napa dropped by 900 to 73,600, which 200 fewer people with paychecks than at the same time last year. And Employment in Sonoma County dropped by 2,600 to 257,900 and is now down by 600 on a year-over-year basis.
And down in the valley, employment in both San Mateo and Santa Clara Counties inched up by 100 in October to 458,700 and 1,046,800 respectively, which is up by 7,900 and 17,500 versus the same time last year, with unemployment rates that inched up to 1.8 and 2.2 percent.
As such, total employment across the Bay Area slipped by 3,100 to 4,153,300 last month, versus having inched up by 7,600 at the same time last year, with an unemployment rate of 2.3 percent and a year-over-year gain in employment of 48,500, versus an average year-over-year gain of 61,000 over the past year and a year-over-year gain of 96,600 in October of 2018.