Overall unemployment rate moved down to 5.8% with the biggest shift in Government, which lost 20,200 roles, based on the most recently available information published in September 2021.
Total employment in the San Francisco-Oakland-Hayward, CA market rose by 40,394 jobs in July and the unemployment rate decreased compared to the prior month by 30 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 14 bps above the national rate which is a negative sign.
- Unemployment in the market is 530 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 3.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Business Services: 499,400; +5,000
- Education & Healthcare: 354,500; -2,000
- Transportation & Utilities: 335,200; +2,000
- Government: 280,500; -20,200
- Restaurants & Hotels: 204,600; +7,700
- Manufacturing: 142,500; +800
- Financial Services: 140,800; +900
- IT & Development: 139,300; +2,000
- Construction, Mining: 124,300; -900
- Other Jobs: 74,900; +3,000
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.