Overall unemployment rate stayed flat at 2.6% with the biggest shift in Education & Healthcare, which gained 7,200 roles, based on the most recently available information published in December 2022.
Total employment in the San Francisco-Oakland-Hayward, CA market declined by 3,628 jobs in October and the unemployment rate stayed flat. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- San Francisco-Oakland-Hayward, CA unemployment rate is 80 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 1.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Business Services: 532,800; +7,000
- Education & Healthcare: 378,600; +7,200
- Transportation & Utilities: 363,700; +4,300
- Government: 310,800; +4,200
- Restaurants & Hotels: 243,700; +2,700
- Manufacturing: 157,700; +600
- IT & Development: 148,900; +700
- Financial Services: 142,700; +1,800
- Construction, Mining: 129,700; +500
- Other Jobs: 85,200; +800
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.