Overall unemployment rate moved down to 5.6% with the biggest shift in Business Services, which gained 6,600 roles, based on the most recently available information published in September 2021.
Total employment in the San Francisco-Oakland-Hayward, CA market declined by 8,075 jobs in August and the unemployment rate decreased compared to the prior month by 30 bps to 5.6%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- San Francisco-Oakland-Hayward, CA unemployment rate is 31 bps above the national rate which is a negative sign.
- Unemployment in the market is 420 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 4.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Business Services: 505,400; +6,600
- Education & Healthcare: 354,700; -600
- Transportation & Utilities: 333,600; -1,700
- Government: 286,600; +5,600
- Restaurants & Hotels: 206,800; +1,400
- Manufacturing: 141,700; -900
- Financial Services: 140,500; +400
- IT & Development: 139,800; +800
- Construction, Mining: 124,200; +200
- Other Jobs: 75,900; +1,000
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.