Overall unemployment rate moved down to 2.5% with the biggest shift in Government, which lost 17,400 roles, based on the most recently available information published in August 2022.

Total employment in the San Francisco-Oakland-Hayward, CA market rose by 31,932 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 2.5%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.

  • San Francisco-Oakland-Hayward, CA unemployment rate is 128 bps below the national rate which is a positive sign.
  • Unemployment in the market is 340 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in July versus prior month by 2.8% 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 July 2022

For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:

  • Business Services: 528,900; +6,700
  • Education & Healthcare: 368,500; -1,500
  • Transportation & Utilities: 361,800; +1,600
  • Government: 298,700; -17,400
  • Restaurants & Hotels: 241,100; +3,400
  • Manufacturing: 155,500; +200
  • IT & Development: 150,100; +3,100
  • Financial Services: 142,800; +1,100
  • Construction, Mining: 132,900; +4,500
  • Other Jobs: 85,700; +1,000
San Francisco-Oakland-Hayward, CA Unemployment by Industry July 2022

Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.