Having dropped in January, the number of people living in San Francisco with a paycheck increased by 7,100 in February to 510,200, which is 31,500 more employed people than there were last April, at the height of pandemic unemployment locally, but still 60,600 fewer employed residents than there were at the same time last year.
And with the Labor Force in San Francisco having increased by 4,800 last month to 541,100, which is up from a pandemic low of 536,300 in January, the local unemployment rate has inched down to 5.7 percent, but with 42,800 fewer people in the labor force than there were at the same time last year.
At the same time, the number of employed East Bay residents increased by 20,900 last month to 1,443,500, which is 139,800 more than at the height of the pandemic-driven unemployment but still 116,000 fewer than at the same time last year, with 47,200 fewer people in the labor force for an unemployment rate of 7.1 percent.
Employment increased in both San Mateo and Santa Clara counties last month as well and there are now 104,000 more people employed in the Valley (1,365,800) than there were at the height of pandemic but still 112,300 fewer than there were at the same time last year, with 72,000 fewer people in the labor force (1,442,600) for an average unemployment rate of 5.3 percent.
A total of 45,600 jobs have been recovered across Marin, Napa and Sonoma, but the number of employed North Bay residents is still down by 41,100, year-over-year, with 27,000 fewer people in the combined labor force (439,400) for an average unemployment rate of 6.2 percent.
And as such, there were 320,900 more employed Bay Area residents at the end of last month (3,732,100) than there were at the height of the pandemic-driven unemployment, and prior to the Bay Area having started to reopen, but still 330,000 fewer than at the same time last year, with 198,300 fewer people in the labor force for a combined unemployment rate of 6.1 percent.