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Research Facts & Figures
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Economic Forecasts & Updates
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June 2010 Monthly Analysis
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Bay Area Employment
BAY AREA EMPLOYMENT
BAY AREA UNEMPLOYMENT
The unemployment rate in the East Bay was 11 percent in May 2010, down from a revised 11.4 percent in April 2010, and above the year-ago estimate of 10.2 percent. This compares with an unadjusted unemployment rate of 11.9 percent for California and 9.3 percent for the nation during the same period. The unemployment rate was 11.1 percent in Alameda County, and 10.9 percent in Contra Costa County.
San Francisco’s unemployment rate was 8.9 percent in May – down from 9.3 percent in April, and higher than the May 2009 estimate of 8.5 percent. The unemployment rate in San Jose was 11.2 percent in May, down from a revised 11.6 percent in April, and up from 11 percent in the May 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) decreased by 3,200 workers, reducing to 1,275,800 in May 2010. San Francisco’s labor force decreased by 1,400 workers, reducing to 955,000 and in San Jose the number of workers decreased 2,800, to 898,900 in May. Except for San Jose, in a year-over-year comparison, each of the Bay Area regions saw a decline in the number of workers. The East Bay had 5,800 fewer workers in May 2010 than in May 2009, San Francisco lost 7,800 workers, but San Jose added 500 workers.
BAY AREA EMPLOYED RESIDENTS
Between April 2010 and May 2010, the number of employed residents (employed persons who reside within the region) increased 1,800 in the East Bay, increased 2,600 in San Francisco, and increased 1,600 in San Jose. When compared to May 2009, a year-over-year comparison showed the East Bay with 16,000 fewer employed residents, San Francisco with 10,900 fewer and San Jose with 1,400 fewer.
BAY AREA PAYROLL EMPLOYMENT
Between April 2010 and May 2010, the East Bay added 4,000 payroll jobs (number of jobs located in the specified region, not including those who are self-employed), while San Francisco added 5,300 and San Jose added 4,200. Since May 2009, the East Bay has lost 28,000 jobs, San Francisco has lost 25,400 and San Jose has lost 12,100. A detailed description of East Bay payroll employment by sector follows in the next section.
NEXT SECTION: EAST BAY PAYROLL EMPLOYMENT
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