Overall unemployment rate moved down to 6.0% with the biggest shift in Restaurants & Hotels, which gained 6,300 roles, based on the most recently available information published in April 2021.

Total employment in the San Francisco-Oakland-Hayward, CA market declined by 4,975 jobs in March and the unemployment rate decreased compared to the prior month by 20 bps to 6.0%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.

  • San Francisco-Oakland-Hayward, CA unemployment rate is 18 bps below the national rate which is a positive sign.
  • Unemployment in the market is 280 bps above the unemployment rate in the market last year at this time, which is a negative.
  • Average wages (per hour) grew in March versus prior month by 5.5% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
San Francisco-Oakland-Hayward, CA Unemployment March 2021

For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:

  • Business Services: 485,900; +3,500
  • Education & Healthcare: 356,100; +2,200
  • Transportation & Utilities: 335,100; +100
  • Government: 302,500; +1,900
  • Restaurants & Hotels: 159,800; +6,300
  • Manufacturing: 141,600; -300
  • Financial Services: 136,600; -700
  • IT & Development: 134,600; +600
  • Construction, Mining: 122,500; no change
  • Other Jobs: 67,800; +1,400
San Francisco-Oakland-Hayward, CA Unemployment by Industry March 2021

Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.