November 16, 2012

San Francisco Added 2,400 New Workers And Jobs Last Month

Preliminary labor force counts for San Francisco, Marin and San Mateo counties peg the current unemployment rates at 6.8%, 5.8% and 6.3% respectively, down 0.1 points in San Francisco and San Mateo from September to October, unchanged in Marin.

While the number of unemployed in San Francisco remains unchanged from September at 32,600, the labor force has grown by 2,400 (from 474,000 to 476,400) as has the number of employed (from 441,400 to 443,800).

Employment in San Francisco is currently up by 19,100 workers on a year-over-year (YOY) basis but remains 21,700 workers below a December 2000 dot-com peak (at which point the unemployment rate in San Francisco measured 3 percent).

The unadjusted unemployment rate in California ticked up to 9.8% in October as employment increased by 41,600 but the labor force increased by 68,500 and the number of unemployed increased by 27,100.

Monthly Labor Force Data for Counties: October 2012 (Preliminary) [EDD]
San Francisco Unemployment Under 7% For First Time Since 2008 [SocketsSite]
San Francisco Employment Trends And Dot-Com Context [SocketSite]

First Published: November 16, 2012 9:30 AM

Comments from "Plugged In" Readers

Traffic on 101 keeps getting worse and worse.

Posted by: NoeValleyJim at November 17, 2012 12:43 AM

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