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Research Facts & Figures
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Economic Forecasts & Updates
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July 2010 Quarterly Update
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Bay Area Employment
BAY AREA EMPLOYMENT
BAY AREA UNEMPLOYMENT
The unemployment rate in the East Bay was 11.4 percent in June 2010, up from a revised 11.0 percent in May 2010, and above the year-ago estimate of 11.0 percent. This compares with an unadjusted unemployment rate of 12.2 percent for California and 9.6 percent for the nation during the same period. The unemployment rate was 11.5 percent in Alameda County, and 11.3 percent in Contra Costa County.
San Francisco’s unemployment rate was 9.3 percent in June – up from 8.9 percent in May, and higher than the June 2009 estimate of 9.2 percent. The unemployment rate in San Jose was 11.4 percent in June, up from a revised 11.2 percent in May, but below 11.7 percent in the June 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 3,100 workers, increasing to 1,278,800 in June 2010. San Francisco’s labor force increased by 1,900 workers, increasing to 955,800 and in San Jose the number of workers increased 4,800, to 904,900 in June. 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 12,100 fewer workers in June 2010 than in June 2009, San Francisco lost 9,600 workers, but San Jose added 300 workers.
BAY AREA EMPLOYED RESIDENTS
Between May 2010 and June 2010, the number of employed residents (employed persons who reside within the region) decreased 2,600 in the East Bay, decreased 2,100 in San Francisco, and increased 2,100 in San Jose. When compared to June 2009, a year-over-year comparison showed the East Bay with 17,000 fewer employed residents, San Francisco with 9,500 fewer and San Jose with 2,800 more.
BAY AREA PAYROLL EMPLOYMENT
Between May 2010 and June 2010, the East Bay lost 1,500 payroll jobs (number of jobs located in the specified region, not including those who are self-employed), while San Francisco lost 1,600 and San Jose added 3,300. Since June 2009, the East Bay has lost 29,100 jobs, San Francisco has lost 23,300 and San Jose has lost 6,700. 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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