Overall unemployment rate moved up to 2.8% with the biggest shift in Transportation & Utilities, which gained 6,800 roles, based on the most recently available information published in January 2022.
Total employment in the San Francisco-Oakland-Hayward, CA market declined by 14,974 jobs in November and the unemployment rate increased compared to the prior month by 20 bps to 2.8%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- San Francisco-Oakland-Hayward, CA unemployment rate is 56 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in November versus prior month by -1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Business Services: 532,100; -1,600
- Education & Healthcare: 381,300; +2,600
- Transportation & Utilities: 371,000; +6,800
- Government: 312,100; +1,500
- Restaurants & Hotels: 241,400; -900
- Manufacturing: 157,900; +500
- IT & Development: 149,500; +500
- Financial Services: 143,400; +1,100
- Construction, Mining: 128,100; -1,200
- Other Jobs: 85,800; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.