CFAH

Having been downwardly revised by the State at the start of the year, the estimated number of people living in San Francisco with a paycheck inched up by 1,100 in February to 574,100, which was 7,400 more employed residents than at the same time last year, with an unemployment rate of 2.2 percent.

But the numbers above, along with those for the rest of the Bay Area counties below, were compiled prior to the COVID-19 hit.  And while we don’t have the early numbers for each county, unemployment filings in California have nearly tripled over the past three weeks and were running 363 percent higher on a year-over-year basis at the end of last week.

Over in Alameda County, which includes the City of Oakland, the estimated number of employed residents slipped by 300 in February to 815,200, which was 5,300 fewer employed people than at the same time last year with an unemployment rate of 3.0 percent.

Across the greater East Bay, including Solano County, total employment effectively held at 1,556,500 in February but slipped by 10,000 on a year-over-year basis with a blended unemployment rate of 3.2 percent.

Up in Marin, the number of employed residents held at 136,500 in February, which was 500 higher than at the same time last year, with an unemployment rate of 2.3 percent. Employment in Napa ticked up by 1,000 to 71,000, which was 400 more versus the same time last year, with an unemployment rate of 3.3 percent. And employment in Sonoma County inched up by 1,000 in February to 251,600, which is 1,200 higher than at the same time last year with an unemployment rate of 2.8 percent.

Down in the valley, employment in San Mateo County inched up by 700 in February to 453,600, which was 5,500 higher than at the same time last year, with an unemployment rate of 2.1 percent. And employment in Santa Clara County inched up by 2,400 to 1,030,400 in February, which was up by 4,000 versus the same time last year, with an unemployment rate of 2.6 percent.

And as such, total employment across the Bay Area, which appears to have peaked at a downwardly revised 4,113,700 this past October (which shouldn’t catch any plugged-in readers by surprise), was effectively unchanged at 4,073,400 in February, which was 0.2 percent higher than at the same time last year, with an unemployment rate of 2.7 percent.

But once again, the numbers above were collected prior to the COVID-19 hit and unemployment claims in California have nearly tripled over the past three weeks alone.

Please stay safe, for both yourself and others. We’ll keep you posted and plugged-in.