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June 2009 Monthly Analysis
> Employment
BAY AREA UNEMPLOYMENT
The unemployment rate in the East Bay was 10.4 percent in May 2009, up from a revised 10.2 percent in April 2009, and above the year-ago estimate of 5.6 percent. This compares with an unadjusted unemployment rate of 11.2 percent for California and 9.1 percent for the nation during the same period. The unemployment rate was 10.7 percent in Alameda County, and 10.0 percent in Contra Costa County.
Unemployment rates in the Bay Area’s other metro areas also rose during this period. San Francisco’s unemployment rate was 8.6 percent in May– up from an adjusted 8.4 percent in April, but significantly higher than the May 2008 estimate of 4.5 percent. The unemployment rate in San Jose rose to 11.2 percent in February, up from from an adjusted 11.0 percent in April, and up from 4.5 percent in May 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 11,800 workers, falling to 1,298,500 in May 2009. San Francisco’s labor force lost 12,000 workers to reach 964,500, and in San Jose the number of workers fell 9,200 to reach 912,200. In a year-over-year comparison, the East Bay and San Jose regions continued to see gains in labor force numbers, while San Francisco saw a small decrease. The East Bay had 13,500 more workers in May 2009 than in May 2008, San Jose added 18,300 workers and San Francisco lost 500 workers.
BAY AREA EMPLOYED RESIDENTS
Between April and May 2009, the number of employed residents (employed persons who reside within the region) fell 14,200 in the East Bay,13,500 in San Francisco, and 9,900 in San Jose. When compared to May 2008, a year-over-year comparison showed the East Bay with 50,000 fewer employed residents, San Francisco with 40,300 fewer and San Jose with 35,000 less.
BAY AREA PAYROLL EMPLOYMENT
Between April and May 2009, the East Bay gained 600 payroll jobs (number of jobs located in the specified region, not including those who are self-employed), while San Francisco lost 4,000 and San Jose gained 400. Since May 2008, the East Bay has lost 44,500 jobs, San Francisco has lost 46,700 and San Jose has lost 40,000. A detailed description of East Bay payroll employment by sector follows in the next section.
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