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February 2009 Monthly Analysis
> Employment
BAY AREA UNEMPLOYMENT
According to the California Employment Development Department, the unemployment rate in the East Bay was 9.2 percent in January 2009, up from a revised 7.7 percent in December 2008, and above the year-ago estimate of 5.2 percent. During the same period, the unadjusted unemployment rate for California was 10.6 percent for California and 8.5 percent for the nation. In the East Bay, the unemployment rate was 9.3 percent in Alameda County, and 9.0 percent in Contra Costa County.
Unemployment rates in the Bay Area’s other metro areas also increased during this period. San Francisco’s unemployment rate was 7.5 percent in January 2009 up from 6.2 percent in December 2008, and significantly higher than the January 2008 estimate of 4.3 percent. The unemployment rate in San Jose rose to 9.4 percent in January, up from 7.8 percent in December 2008, and up from 5.2 percent in January 2008.
BAY AREA LABOR FORCE
In a month-over-month comparison, the East Bay’s labor force (number of individuals currently employed or actively seeking employment) lost 4,500 workers to reach 1,305,200 in January 2009. San Francisco’s labor force lost 6,000 workers to reach 976,100, and in San Jose the number of workers rose 3,400 to reach 922,000. In a year-over-year comparison, Bay Area regions continued to see gains in labor force numbers. The East Bay had 20,300 more workers in January 2009 than in January 2008, San Francisco gained 18,400, and San Jose added 28,300 workers.
BAY AREA EMPLOYED RESIDENTS
Between December 2008 and January 2009, the number of employed residents (employed persons who reside within the region) fell 22,900 in the East Bay, fell 18,200 in San Francisco, and fell 11,800 in San Jose. When compared to January 2008, a year-over-year comparison showed the East Bay with 32,100 fewer employed residents, San Francisco with 13,100 fewer and San Jose with 12,000 fewer.
BAY AREA PAYROLL EMPLOYMENT
Between December 2008 and January 2009, the East Bay lost 23,000 payroll jobs (number of jobs located in the specified region, not including those who are self-employed), San Francisco lost 24,300 and San Jose lost 14,900. Year-over-year, the East Bay
lost 37,800, San Francisco lost 20,700 and San Jose lost 18,400. A detailed description of East Bay payroll employment by sector follows in the next section.
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