December 2007 Monthly Analysis
> Employment
BAY AREA EMPLOYMENT
BAY AREA UNEMPLOYMENT The unemployment rate for the
East Bay region (Alameda and Contra Costa Counties) remained
stable at 4.9 percent in October and November 2007, and above
the year-ago estimate of 4.2 percent. This compares with an
unadjusted unemployment rate of 5.6 percent for California and
4.5 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 also
saw little change from October to November 2007, holding steady
at 4.9 percent in San Francisco and increasing slightly from 4.9 to
5.0 percent in San Jose. Unemployment rates in both regions
were up from November 2006 estimates, when the rate in San
Francisco was 3.7 percent and in San Jose the rate was 4.4
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 grew
by 4,100 while the San Francisco and San Jose areas saw increases
of 4,700 and 3,500, respectively. In a year-over-year comparison,
Bay Area regions continued to see substantial gains in labor force
numbers. A comparison of November 2007 with November 2006
showed the East Bay with 9,900 more workers, San Francisco
gaining 10,900, and San Jose with 13,300 more workers.
BAY AREA EMPLOYED RESIDENTS Between October and
November 2007, the number of employed residents (employed
persons who reside within the specified region) increased 3,700 in
the East Bay and 4,100 in San Francisco, while San Jose saw an
increase of 3,000. An annual comparison showed the East Bay
gaining 600, while San Francisco gained 6,600 and San Jose gained
7,200.
BAY AREA PAYROLL EMPLOYMENT Between October and
November 2007, payrolls grew in all three regions. During this
period, the East Bay gained 2,100 payroll jobs (number of jobs
located in the specified region, not including those who are self-
employed), San Francisco gained 4,600 and San Jose 800. Payroll
employment was also higher when compared with November
2006, with the East Bay adding 3,600 new jobs, San Francisco
adding 14,400 and San Jose adding 11,800. A detailed description
of East Bay payroll employment follows in the next section.
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