The estimated number of people living in San Francisco with a paycheck slipped from a (downwardly-revised) record 578,100 in December to 573,000 in January with typical seasonality in play. But if the preliminary January figure holds while the State refines its model, the number of employed residents in the city will still be 2.2 percent (12,100) higher than at the same time last year with an unemployment rate of 2.3 percent.
At the same time, the estimated number of employed people living in Alameda County, which includes the City of Oakland, dropped from a downwardly revised 823,900 in December to 814,700 in January, which is effectively unchanged versus the same time last year (up 0.1 percent), with an unemployment rate of 3.0 percent.
Across the greater East Bay, including Solano County, total employment was revised down from 1,573,500 in December to 1,556,000 in January, which is effectively unchanged on a year-over-year basis as well (up 0.1 percent), with a blended unemployment rate of 3.2 percent.
Up in Marin, the number of employed residents slipped from 137,900 in December to 136,400 in January, with an unemployment rate of 2.4 percent, but remains 0.7 percent above its mark at the same time last year. Employment in Napa effectively held at 69,800, which is 1.7 percent higher on a year-over-year basis, with an unemployment rate of 3.5 percent. And employment in Sonoma County dropped from 253,600 in December to 251,000 in January, with an unemployment rate of 2.9 percent, but is still 0.9 percent higher, year-over-year.
Down in the valley, employment in San Mateo County slipped from an effective record of 456,600 in December to 452,500 in January but was 2.1 percent higher than at the same time last year with an unemployment rate of 2.1 percent. And employment in Santa Clara County slipped from a downwardly revised record of 1,035,900 in December to 1,028,700 in January but remains 1.0 percent higher on a year-over-year basis with an unemployment rate of 2.6 percent.
As such, total employment across the Bay Area, which appears to have peaked at a downwardly revised 4,113,700 this past October, slipped from 4,105,500 in December to 4,067,400 in January but still managed to eke out a 0.9 percent gain on a year-over-year basis with an unemployment rate that has inched up to 2.8 percent.