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Research Facts & Figures
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Economic Forecasts & Updates
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December 2009 Monthly Analysis
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Bay Area Employment
BAY AREA EMPLOYMENT
BAY AREA UNEMPLOYMENT
The unemployment rate in the East Bay was 11.2 percent in November
2009, down from a revised 11.5 percent in October 2009, and above the year-ago estimate of
7.2 percent. This compares with an unadjusted unemployment rate of 12.2 percent for
California and 9.4 percent for the nation during the same period. The unemployment rate was
11.2 percent in Alameda County, and 11.2 percent in Contra Costa County.
San Francisco’s unemployment rate was 9.2 percent in November – down from 9.4 percent in October, but significantly higher than the November 2008 estimate of 5.7 percent. The unemployment rate in San Jose fell to 11.8 percent in November, down from from a revised 12.0 percent in October, and up from 7.1 percent in November 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 7,200 workers, falling to 1,295,500 in November 2009. San Francisco’s labor force lost 3,900 workers, falling to 956,800 and in San Jose the number of workers fell 6,200, to 906,400 in November. In a year-over-year comparison, each of the Bay Area regions saw a decline in the number of workers. The East Bay had 10,200 fewer workers in November 2009 than in November 2008, San Jose lost 10,900 workers and San Francisco lost 23,100 workers.
BAY AREA EMPLOYED RESIDENTS
Between October and November 2009, the number of employed residents (employed persons who reside within the region) fell 2,500 in the East Bay, 1,600 in San Francisco, and 3,700 in San Jose. When compared to November 2008, a year-over-year comparison showed the East Bay with 61,400 fewer employed residents, San Francisco with 54,800 fewer and San Jose with 52,200 fewer.
BAY AREA PAYROLL EMPLOYMENT
Between October and November 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 lost 600 and San Jose lost 2,500. Since November 2008, the East Bay has lost 34,700 jobs, San Francisco has lost 48,200 and San Jose has lost 42,700. A detailed description of East Bay payroll employment by sector follows in the next section.
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