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Research Facts & Figures
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Economic Forecasts & Updates
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February 2010 Monthly Analysis
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Bay Area Employment
BAY AREA EMPLOYMENT
Note: The California EDD is currently going through their annual benchmark. Please note that data before January 2009 have not yet been revised.
BAY AREA UNEMPLOYMENT
The unemployment rate in the East Bay was 11.9 percent in January 2010, up from a revised 11 percent in December 2009, and above the year-ago estimate of 8.9 percent. This compares with an unadjusted unemployment rate of 13.2 percent for California and 10.6 percent for the nation during the same period. The unemployment rate was 11.9 percent in Alameda County, and 12.1 percent in Contra Costa County.
San Francisco’s unemployment rate was 9.9 percent in January – up from 9.0 percent in December, and significantly higher than the January 2009 estimate of 7.4 percent. The unemployment rate in San Jose grew to 12.4 percent in January, up from a revised 11.5 percent in December, and up from 9.2 percent in the January 2009 estimate.
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) increased by 4,900 workers, growing to 1,276,100 in January 2010. San Francisco’s labor force increased by 2,900 workers, growing to 954,000 and in San Jose the number of workers grew 7,400, to 897,600 in January. In a year-over-year comparison, each of the Bay Area regions saw a decline in the number of workers. The East Bay had 20,200 fewer workers in January 2010 than in January 2009, San Francisco lost 18,200 workers and San Jose lost 10,200 workers.
BAY AREA EMPLOYED RESIDENTS
Between December 2009 and January 2010, the number of employed residents (employed persons who reside within the region) fell 7,000 in the East Bay, 5,700 in San Francisco, and 1,300 in San Jose. When compared to January 2009, a year-over-year comparison showed the East Bay with 57,000 fewer employed residents, San Francisco with 41,000 fewer and San Jose with 37,400 fewer.
BAY AREA PAYROLL EMPLOYMENT
Between December 2009 and January 20010, the East Bay gained 18,600 payroll jobs (number of jobs located in the specified region, not including those who are self-employed), while San Francisco lost 18,800 and San Jose lost 11,900. Since January 2009, the East Bay has lost 53,700 jobs, San Francisco has lost 49,600 and San Jose has lost 43,800. A detailed description of East Bay payroll employment by sector follows in the next section.
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