Overall unemployment rate stayed flat at 3.4% with the biggest shift in Government, which gained 2,900 roles, based on the most recently available information published in May 2023.

Total employment in the San Francisco-Oakland-Hayward, CA market rose by 3,148 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.

  • San Francisco-Oakland-Hayward, CA unemployment rate is 22 bps below the national rate which is a positive sign.
  • Unemployment in the market is 20 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 1% and are down 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 2023

For key employment segments of the market, total jobs stayed flat. Key sectors include:

  • Business Services: 521,400; -1,200
  • Education & Healthcare: 395,700; +1,200
  • Transportation & Utilities: 354,500; -2,600
  • Government: 318,000; +2,900
  • Restaurants & Hotels: 245,100; +2,000
  • Manufacturing: 157,400; -600
  • IT & Development: 150,600; +200
  • Financial Services: 144,900; -1,000
  • Construction, Mining: 123,800; -1,700
  • Other Jobs: 81,300; -400
San Francisco-Oakland-Hayward, CA Unemployment by Industry March 2023

Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.