November 2007 Monthly Analysis
> Employment
BAY AREA EMPLOYMENT
BAY AREA UNEMPLOYMENT The unemployment rate in the Oakland-Fremont-Hayward
MD remained stable at 4.9 percent in September and October 2007, but above the year-ago
estimate of 4.0 percent. This compares with an unadjusted unemployment rate of 5.4 percent
for California and 4.4 percent for the nation during the same period. The unemployment rate
was 4.9 percent in Alameda County and 4.9 percent in Contra Costa County.
Unemployment rates in the Bay Area’s other metro areas were also saw little change
from September to October 2007, decreasing slightly from 4.2 percent to 4.1 percent in San
Francisco and from 5.0 to 4.9 percent in San Jose. Unemployment rates in both regions were
up from October 2006 estimates, when the rate in San Francisco was 4.1 percent and in San
Jose the rate was 4.9 percent.
BAY AREA LABOR FORCE In a month-over-month comparison,
the labor force (number of individuals who are currently employed or
actively seeking employment) in the East Bay and San Francisco areas
lost 1,100 and 1,200 respectively, while the San Jose region gained
1,100 jobs. In a year-over-year comparison, Bay Area regions continued
to see substantial gains in labor force numbers. A comparison of October
2007 with October 2006 showed the East Bay with 9,400 more workers,
San Francisco gaining 14,500, and San Jose with 8,800 more workers.
BAY AREA EMPLOYED RESIDENTS Between September and October 2007, the number of
employed residents (employed persons who reside within the specified region) decreased
700 in the East Bay and 400 in San Francisco, while San Jose saw an increase of 1,600.
An annual comparison showed the East Bay losing 2,100, while San Francisco gained
8,400 and San Jose gained 1,600.
BAY AREA PAYROLL EMPLOYMENT Between September and October 2007, payrolls grew
in all three regions. During this period, the East Bay gained 3,900 payroll jobs
(number of jobs located in the specified region, not including those who are
self-employed), San Francisco gained 2,600 and San Jose 6,900. Payroll employment
was also higher when compared with October 2006, with the East Bay adding 8,400
new jobs, San Francisco adding 21,600 and San Jose adding 11,200. A detailed
description of East Bay payroll employment follows in the next section.
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