Overall unemployment rate moved down to 6.3% with the biggest shift in Restaurants & Hotels, which gained 8,900 roles, based on the most recently available information published in April 2021.
Total employment in the San Francisco-Oakland-Hayward, CA market rose by 32,909 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 6.3%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- San Francisco-Oakland-Hayward, CA unemployment rate is 25 bps below the national rate which is a positive sign.
- Unemployment in the market is 360 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Business Services: 481,000; +3,800
- Education & Healthcare: 349,700; +2,500
- Transportation & Utilities: 334,400; -2,500
- Government: 300,400; +1,600
- Restaurants & Hotels: 150,400; +8,900
- Manufacturing: 142,300; +1,700
- Financial Services: 137,200; -900
- IT & Development: 134,000; -600
- Construction, Mining: 121,300; -1,100
- Other Jobs: 66,600; +1,400
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.