San Francisco Employment and Labor Force

While the unemployment rate in San Francisco ticked up from 4.6 percent to 4.9 percent in July due to a sharp increase in the size of the city’s labor force, the largest increase in over four years, the number of San Francisco residents with jobs increased by 3,600 last month and employment in San Francisco has hit another all-time high.

The number of employed San Francisco residents now totals 470,800.  That’s 5,300 more people employed and with paychecks than at the height of the dot-com peak in December 2000 when the unemployment rate in San Francisco measured 3 percent based on a labor force 0f 480,000, versus 495,200 last month, according to California’s Employment Development Department.

The unemployment rate in San Francisco topped out at a little over 10 percent in January of 2010 when 63,100 fewer San Francisco residents were employed than today.

The unemployment rates in Marin and San Mateo also ticked up last month, to 4.4 percent and 4.7 percent respectively, but employment increased as well.  And the unadjusted unemployment rate for California ticked up from 7.3 to 7.8 percent as statewide employment dropped by 10,900 and the labor force grew by 99,300.

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Comments from “Plugged-In” Readers

  1. Posted by Swing pendulum swing

    Geeze this must really ruin the day for Black Bloc and the urber progressives for whom any change, especially positive, is verboten

  2. Posted by Faceword

    Wow – those California numbers are really shocking. Unemployment up 0.5% in a month? Yikes.

    • Posted by san FronziScheme (formerly known as lol)

      The labor force in CA increased by almost 100K! Annualized this would be 1.2M or almost 3% of the population. I do not think this can be sustained very long.

      Where are these people coming from?

      I suspect some long time unemployed who had given up looking for a job a few years back.
      I also suspect people attracted by our current boom (and still low unemployment #s). We are doing much better than most of the country.

    • Posted by JL

      Not really shocking at all, since that’s the “unadjusted” number. Teachers become “unemployed” in July and go back to work in September. This happens every year, which is why seasonally-adjusted numbers are normally reported in the media. The seasonally-adjusted unemployment rate remained unchanged at 7.4% in July.

      http://www.labormarketinfo.edd.ca.gov/article.asp?articleid=634
      http://www.edd.ca.gov/About_EDD/pdf/urate201408.pdf

  3. Posted by Shakira

    We need to ban jobs in SF!

  4. Posted by san FronziScheme (formerly known as lol)

    It’s a really good time to be a landlord with a unit for rent.

  5. Posted by P&M

    Quick. City Hall should hire (and never fire) more employees. 10 workers (who do nothing) for each new SF resident. With all the inflated home prices and property taxes, the gravy train will never end.

  6. Posted by san FronziScheme (formerly known as lol)

    yeah, people are leaving California en masse, as Tipster predicted…

  7. Posted by SFrentier

    Maybe you better go back to posting as lol.

    LOL!

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