Overall unemployment rate moved down to 5.5% with the biggest shift in Restaurants & Hotels, which gained 14,300 roles, based on the most recently available information published in June 2021.
Total employment in the San Francisco-Oakland-Hayward, CA market rose by 22,965 jobs in May and the unemployment rate decreased compared to the prior month by 30 bps to 5.5%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- San Francisco-Oakland-Hayward, CA unemployment rate is 0 bps above the national rate which is a negative sign.
- Unemployment in the market is 750 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 4.3% 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: 488,100; -2,000
- Education & Healthcare: 358,300; -200
- Transportation & Utilities: 333,000; -200
- Government: 303,200; -700
- Restaurants & Hotels: 187,300; +14,300
- Manufacturing: 140,900; +700
- Financial Services: 139,600; +900
- IT & Development: 134,700; -500
- Construction, Mining: 127,200; +4,100
- Other Jobs: 67,600; -1,300
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.