Overall unemployment rate moved up to 3.9% with the biggest shift in Restaurants & Hotels, which lost 8,300 roles, based on the most recently available information published in March 2022.

Total employment in the San Francisco-Oakland-Hayward, CA market declined by 4,618 jobs in January and the unemployment rate increased compared to the prior month by 40 bps to 3.9%. The national unemployment rate increased by 74 bps over the same time to 4.4%.

  • San Francisco-Oakland-Hayward, CA unemployment rate is 53 bps below the national rate which is a positive sign.
  • Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in January versus prior month by 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 January 2022

For key employment segments of the market, total jobs declined by -1.4%. Key sectors include:

  • Business Services: 508,300; -500
  • Education & Healthcare: 366,200; -6,500
  • Transportation & Utilities: 358,600; -8,200
  • Government: 309,700; -4,700
  • Restaurants & Hotels: 211,300; -8,300
  • Manufacturing: 149,400; no change
  • IT & Development: 143,900; -1,100
  • Financial Services: 140,400; -1,100
  • Construction, Mining: 117,200; -2,000
  • Other Jobs: 77,800; -1,500
San Francisco-Oakland-Hayward, CA Unemployment by Industry January 2022

Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.