Overall unemployment rate moved up to 6.0% with the biggest shift in Restaurants & Hotels, which gained 11,800 roles, based on the most recently available information published in July 2021.
Total employment in the San Francisco-Oakland-Hayward, CA market rose by 7,772 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 6.0%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- San Francisco-Oakland-Hayward, CA unemployment rate is 9 bps below the national rate which is a positive sign.
- Unemployment in the market is 610 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 2.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Business Services: 494,500; +4,200
- Education & Healthcare: 357,100; -1,500
- Transportation & Utilities: 333,500; +1,300
- Government: 300,400; -2,900
- Restaurants & Hotels: 196,900; +11,800
- Manufacturing: 141,400; +600
- Financial Services: 140,400; +1,200
- IT & Development: 137,100; +2,800
- Construction, Mining: 126,100; -500
- Other Jobs: 72,800; +3,300
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.