Bay Area Employment Slips, Unemployment Inches Up Anew

Having inched up in October, the number of people living in San Francisco with a paycheck was unchanged in November and remains at a record 580,000 with an unemployment rate of 1.9 percent.

As such, there are 7,800 more people living in the city with paychecks than there were are the same time year and 143,300 more employed than in January of 2010. But the year-over-year gain at the same time last year was 21,000.

At the same time, the estimated number of employed people living in Alameda County, which includes the City of Oakland, ticked down by 1,300 to 835,800 but remains above its mark at the same time last year by 2,600, versus a year-over-year gain of 19,300 in November of 2018, with an unemployment rate of 2.6 percent.

Across the greater East Bay, including Solano County, total employment inched down by 2,800 in November to 1,592,400, but remains 2,900 higher than at the same time last year, with an unemployment rate of 2.7 percent.

Up in Marin, the number of employed residents was unchanged at 140,400, which is 1,100 higher than at the same time last year, with an unemployment rate of 2.0 percent. Employment in Napa was down by 2,000 to 71,700, which was effectively unchanged versus the same time last year. And Employment in Sonoma County dropped by 2,800 to 255,600 but remains 300 higher on a year-over-year basis.

Down in the valley, employment in San Mateo County inched up by 100 to 458,800 and gained 1,400 for a total of 1,048,000 in Santa Clara County, which is up by 5,700 and 13,600 on a year-over-year basis, respectively, with unemployment rates of 1.8 and 2.3 percent.

And as such, total employment across the Bay Area was down by 6,100 to 4,146,900 last month, versus having increased by 11,200 at the same time last year, with an unemployment rate that has inched up from 2.2 percent in September to 2.4 percent today and a year-over-year gain in employment of 83,600 (versus a year-over-year gain of 106,900 at the same time last year).