East Bay Economic Development Alliance Quarterly Forcast
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 Research Facts & Figures > Economic Forecasts & Updates > May 2009 Monthly Analysis > Employment

BAY AREA EMPLOYMENT

 

BAY AREA UNEMPLOYMENT

According to the California Unemployment Development Department (CA EDD), the unemployment rate in the East Bay was 10.1 percent in April 2009, down from a revised 10.3 percent in March 2009, and above the year-ago estimate of 5.1 percent. This compares with an unadjusted unemployment rate of 10.9 percent for California and 8.6 percent for the nation during the same period. The unemployment rate was 10.3 percent in Alameda County, and 9.7 percent in Contra Costa County.

Unemployment rates in the Bay Area’s other metro areas also fell slightly during this period. San Francisco’s unemployment rate was 8.3 percent in April– down from an adjusted 8.6 percent in March, but significantly higher than the April 2008 estimate of 4.1 percent. The unemployment rate in San Jose fell to 10.0 percent in February, down from 11.1 percent in January, and up from 5.0 percent in February 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 6,700 workers, falling to 1,308,600 in April 2009. San Francisco’s labor force lost 5,200 workers to reach 974,900, and in San Jose the number of workers fell 7,700 to reach 917,600. In a year-over-year comparison, Bay Area regions continued to see gains in labor force numbers. The East Bay had 26,000 more workers in April 2009 than in April 2008, San Francisco gained 11,900 and San Jose added 26,100 workers.

BAY AREA EMPLOYED RESIDENTS

Between March and April 2009, the number of employed residents (employed persons who reside within the region) fell 3,100 in the East Bay,2,200 in San Francisco, and 5,500 in San Jose. When compared to April 2008, a year-over-year comparison showed the East Bay with 40,800 fewer employed residents, San Francisco with 30,000 fewer and San Jose with 29,500 fewer.

BAY AREA PAYROLL EMPLOYMENT

Between March and April 2009, the East Bay lost 400 payroll jobs (number of jobs located in the specified region, not including those who are self-employed), while San Francisco gained 500 and San Jose lost 5,200. Since April 2008, the East Bay has lost 43,100 jobs, San Francisco has lost 39,800 and San Jose lost 39,800. A detailed description of East Bay payroll employment by sector follows in the next section.

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