Articles Recently Tagged: Unemployment

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New Claims Drop but Ongoing Unemployment Ticks Up in S.F.

New Claims Drop but Ongoing Unemployment Ticks Up in S.F.

While the number of San Francisco residents that filed a new/initial unemployment claim dropped 16.5 percent to 21,332 August, from 25,534 in July, and the unemployment rate declined with a contraction in the labor force, the total number of active unemployment claims actually ticked up 3.1 percent in July... Read More »

Bay Area Employment Still Down by 400K, Labor Force Dropping

Bay Area Employment Still Down by 400K, Labor Force Dropping

While the estimated number of people living in San Francisco with a paycheck increased by 5,900 in August to 515,900, the labor force shrank by 7,800 to 565,700 for an unemployment rate of 8.8 percent (versus 9.4 percent at the height of the Great Recession). As such, while employment... Read More »

Local Unemployment Claims Tick Up

Local Unemployment Claims Tick Up

While the unemployment rate in San Francisco declined in July, the number of San Francisco residents that filed a new/initial unemployment claim last month actually ticked up 5.3 percent to 25,354, reversing a two month run in which the number of new claims had either dropped or held. And... Read More »

Bay Area Employment up by 63K in July, Down 440K YOY

Bay Area Employment up by 63K in July, Down 440K YOY

While the number of San Francisco residents with a job increased by 12,400 last month, there are still 66,900 fewer employed people in the city (511,200) than there were prior to the pandemic (578,100) and 62,400 fewer than at the same time last year (573,600) with an unemployment rate... Read More »

Local Unemployment Claims Inch Up

Local Unemployment Claims Inch Up

Having dropped by nearly 60 percent in May, the number of San Francisco residents that filed a new/initial unemployment claim was effectively unchanged at 24,256 in June (versus having averaged closer to 5,000 a month since the end of the Great Recession, during which monthly filings never crossed the... Read More »

114,000 Bay Area Residents Returned to Work Last Month, But…

114,000 Bay Area Residents Returned to Work Last Month, But…

While an estimated 16,000 San Francisco residents were either newly hired or returned to work last month, for a total of 499,100 employed, there are still 74,800 fewer employed people in the city than there were prior to the pandemic and 66,300 fewer than at the same time last... Read More »

Number of Bay Area Unemployment Claims Hits a Million (YTD)

Number of Bay Area Unemployment Claims Hits a Million (YTD)

Having climbed to over 57,500 in April, the number of San Francisco residents that filed a new/initial unemployment claim dropped to 24,243 in May. That being said, the number of employed people residing in the city has continued to decline and over 133,000 new unemployment claims have been filed... Read More »

Bay Area Unemployment Rate Drops with Labor Force Decline

Bay Area Unemployment Rate Drops with Labor Force Decline

Based on employment data through the second week of May, the estimated number of San Francisco residents with a paycheck has dropped by over 92,000 over the past three months to 481,500, while the labor force has shrunk by over 36,000 to 550,900, for an unemployment rate of 12.6... Read More »

Bay Area Unemployment Hits 13 Percent, Labor Force Shrinks

Bay Area Unemployment Hits 13 Percent, Labor Force Shrinks

Based on employment data through the second week of April, at which point the ongoing impact of the COVID-19 pandemic was still picking up steam, the estimated number of San Francisco residents with a paycheck has dropped by nearly 92,000 over the past two months to 482,100 and the... Read More »

Bay Area Unemployment Claims Continue to Climb

Bay Area Unemployment Claims Continue to Climb

Having already rocketed to over 44,300 in March, versus having averaged around 3,500 a month over the previous six years, the number of San Francisco residents that filed a new/initial unemployment claim climbed to over 57,500 in April, for a total of nearly 110,000 initial claims for San Francisco... Read More »