Overall unemployment rate moved down to 3.1% with the biggest shift in Restaurants & Hotels, which gained 5,800 roles, based on the most recently available information published in June 2023.

Total employment in the San Francisco-Oakland-Hayward, CA market declined by 20,974 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 3.1%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.

  • San Francisco-Oakland-Hayward, CA unemployment rate is 0 bps above the national rate which is a negative sign.
  • Unemployment in the market is 30 bps above the unemployment rate in the market last year at this time, which is a negative.
  • Average wages (per hour) grew in April versus prior month by 3.5% 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 April 2023

For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:

  • Business Services: 521,500; +1,500
  • Education & Healthcare: 399,300; +3,700
  • Transportation & Utilities: 354,200; -1,100
  • Government: 318,500; +600
  • Restaurants & Hotels: 251,600; +5,800
  • Manufacturing: 157,300; -300
  • IT & Development: 150,800; -1,200
  • Financial Services: 146,200; +1,400
  • Construction, Mining: 125,500; +1,500
  • Other Jobs: 84,300; +2,700
San Francisco-Oakland-Hayward, CA Unemployment by Industry April 2023

Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.