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Research Facts & Figures
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Economic Forecasts & Updates
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January 2010 Quarterly Update
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Bay Area Employment
BAY AREA EMPLOYMENT
BAY AREA UNEMPLOYMENT
The unemployment rate in the East Bay was 10.9 percent in December 2009, down from a revised 11.4 percent in November 2009, and above the year-ago estimate of 7.7 percent. This compares with an unadjusted unemployment rate of 12.1 percent for California and 9.7 percent for the nation during the same period. The unemployment rate was 10.9 percent in Alameda County, and 11.0 percent in Contra Costa County.
San Francisco’s unemployment rate was 8.9 percent in December – down from 9.2 percent in November, but significantly higher than the December 2008 estimate of 6.2 percent. The unemployment rate in San Jose fell to 11.5 percent in December, down from a revised 11.9 percent in November, and up from 7.8 percent in December 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 9,000 workers, falling to 1,289,400 in December 2009. San Francisco’s labor force lost 10,200 workers, falling to 950,700 and in San Jose the number of workers fell 6,100, to 901,900 in December. In a year-over-year comparison, each of the Bay Area regions saw a decline in the number of workers. The East Bay had 20,300 fewer workers in December 2009 than in December 2008, San Jose lost 16,700 workers and San Francisco lost 31,400 workers.
BAY AREA EMPLOYED RESIDENTS
Between November and December 2009, the number of employed residents (employed persons who reside within the region) fell 2,200 in the East Bay, 6,100 in San Francisco, and 1,600 in San Jose. When compared to December 2008, a year-over-year comparison showed the East Bay with 60,000 fewer employed residents, San Francisco with 55,300 fewer and San Jose with 48,200 fewer.
BAY AREA PAYROLL EMPLOYMENT
Between November and December 2009, the East Bay gained 300 payroll jobs (number of jobs located in the specified region, not including those who are self-employed), while San Francisco lost 5,700 and San Jose lost 600. Since December 2008, the East Bay has lost 31,000 jobs, San Francisco has lost 46,100 and San Jose has lost 36,200. A detailed description of East Bay payroll employment by sector follows in the next section.
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