Having atypically dropped in October and November, the net number of people living in San Francisco with a paycheck increased by 5,900 in December to 566,700, ending 2022 with 23,000 more employed residents in the city there were at the end of 2021 and 88,000 more employed people than there were in April of 2020, when the pandemic-driven unemployment rate peaked at 13.0 percent versus 2.0 percent at the end of 2022.
That being said, there were still over 11,000 fewer employed residents in the San Francisco at the end of last year than there were prior to the pandemic, over 11,000 fewer people in the labor force (578,400), and local unemployment claims are poised to climb over the next quarter or two.
The number of East Bay residents with a paycheck increased by 14,200 in December to 1,539,900, representing 32,700 more employed residents than at the end of 2021 and 236,000 more employed than in April of 2020 but nearly 37,000 fewer employed residents than prior to the pandemic having hit and over 38,000 fewer people in the labor force.
Employment increased by 4,500 in San Mateo County last month and by 8,400 in Santa Clara County. And as such, there were over 50,000 more employed people down in Silicon Valley than there were at the same time last year and nearly 10,000 more employed residents (1,487,800) than there were prior to the pandemic, with an unemployment rate of 2.0 percent.
Net employment across Marin, Napa and Sonoma counties increased by 2,500 last month to 433,400, representing 8,000 more employed residents spread across the northern counties than there were at the same time last year and 66,500 more employed residents than in April of 2020, but nearly 37,000 fewer employed residents than there were prior to the pandemic and 37,000 fewer people in the combined labor force (444,600) with an unemployment rate of 2.5 percent.
And across the greater Bay Area, the net number of residents with a job increased by 35,500 in December to 4,027,900, ending 2022 with 114,400 more employed people than there were at the end of 2021 and nearly 617,000 more employed residents since the second quarter of 2020, with an unemployment rate of 2.4 percent, but 86,000 fewer employed residents than there were prior to the pandemic having hit, 90,000 fewer people in the labor force and a wave of recently announced plans for mass layoffs from a growing number of large Bay Area employers.