Having increased by an upwardly revised 3,400 in December, the net number of people living in San Francisco with a paycheck ticked up by 1,100 in January to (a downwardly revised) 544,800. But with an upwardly revised 564,200 people in the labor force, the local unemployment rate inched up from 3.0 to 3.4 percent, with 26,000 fewer employed people in San Francisco than there were prior to the pandemic and 19,700 fewer people in the labor force but 46,100 more employed residents in the city than there were at the start of last year.
At the same time, the number of East Bay residents with a paycheck dropped by 11,100 in January to 1,496,100, which still equates to 86,000 more employed residents than there were at the start of last year but 63,400 fewer than there were prior to the pandemic, with 40,100 fewer people in the labor force for an (upwardly revised) unemployment rate of 4.7 percent.
While employment in San Mateo inched up by 900 in January, employment in Santa Clara dropped by 5,500. And as such, while there were 98,000 more employed people in the Valley (1,432,500) than there were at the start of last year, there were still 45,600 fewer employed people than there were prior to the pandemic, with 34,600 fewer people in the labor force for an average unemployment rate of 3.2 percent.
Total employment across Marin, Napa and Sonoma counties inched up by 800 in January to a downwardly revised 426,300, which is 13,700 higher than at the start of last year but still 27,400 lower than prior to the pandemic with 24,500 fewer people in the combined labor force (441,900) for an unemployment rate of 3.5 percent.
As such, while nearly 500,000 jobs have been recovered across the Bay Area since local employment bottomed in the second quarter of 2020, there are still 162,400 fewer employed Bay Area residents (3,899,700) than there were prior to the pandemic having hit (4,062,100), having slipped by 13,800 in January, and the labor force is still down by 118,700 for an average unemployment rate of 3.4 percent.