Overall unemployment rate moved down to 5.8% with the biggest shift in Restaurants & Hotels, which gained 12,600 roles, based on the most recently available information published in June 2021.
Total employment in the San Francisco-Oakland-Hayward, CA market declined by 20,549 jobs in April and the unemployment rate decreased compared to the prior month by 10 bps to 5.8%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- San Francisco-Oakland-Hayward, CA unemployment rate is 5 bps above the national rate which is a negative sign.
- Unemployment in the market is 790 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 3.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Business Services: 490,400; +3,800
- Education & Healthcare: 357,400; -1,500
- Transportation & Utilities: 333,400; -500
- Government: 304,900; +2,200
- Restaurants & Hotels: 172,900; +12,600
- Manufacturing: 140,200; -1,400
- Financial Services: 138,600; +600
- IT & Development: 135,200; +600
- Construction, Mining: 123,500; +300
- Other Jobs: 70,000; +1,800
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.