Preliminary August labor force counts for San Francisco, Marin and San Mateo counties peg the unemployment rates at 7.4%, 6.3% and 6.8% respectively, down 0.3 points in San Francisco, down 0.4 points in Marin, and down 0.2 points in Marin.
On a revised basis, the number of unemployed in San Francisco fell by 1,400 in August (from 36,500 to 35,100) as the labor force contracted by 1,200 (from 476,800 to 475,600) and the number of employed increased by 200 (from 440,300 to 440,500).
Employment in San Francisco is up by 22,100 workers on a year-over-year (YOY) basis but remains 25,000 workers below a December 2000 dot-com peak (at which point the unemployment rate in San Francisco measured 3 percent).
Overall unadjusted California unemployment fell to 10.4% in August as employment increased by 14,900, the labor force contracted by 80,400, and the number of unemployed fell by 95,100.
∙ Monthly Labor Force Data for Counties: August 2012 (Preliminary) [EDD]
∙ Employment In San Francisco Up By 4,600 In July, Up 24,900 YOY [SocketsSite]
∙ San Francisco Employment Trends And Dot-Com Context [SocketSite]
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