Bay Space Employment on the Decline – SocketSite

Having dropped to a document low of 1.9 % in Could, the unemployment charge in San Francisco inched as much as 2.three % in June because the variety of folks dwelling within the metropolis with a paycheck fell by three,400 to 565,800, which is down by 9,600 since February’s document excessive and versus a rise of three,900 from February to June of final 12 months.

That being stated, there are nonetheless 129,100 extra employed folks dwelling in San Francisco than there have been firstly of 2010, and seven,200 greater than on the similar time final 12 months, however the charge of change in employment has been damaging in San Francisco over the previous quarter, which shouldn’t catch any plugged-in readers abruptly.

In Alameda County, which incorporates the Metropolis of Oakland, the estimated variety of folks dwelling within the county with a paycheck fell by 5,200 over the previous month to 818,500, which is down by 10,400 over the previous quarter and down by 1,300 versus the identical time final 12 months, representing the primary year-over-year decline in Alameda County employment since January of 2010.

Throughout the higher East Bay, together with Solano County, the unemployment charge inched as much as three.2 % as whole employment dropped by 9,800 to 1,560,300, which is 5,900 under its mark on the similar time final 12 months, representing the primary year-over-year decline in employment since 2010 as nicely.

Up in Marin, the variety of employed residents decreased by 400 in June to 137,000, which is down by 100 versus the identical time final 12 months, and the unemployment charge inched as much as 2.four %.

And down within the valley, employment in San Mateo County fell by 2,900 in June to 447,200, which is down by 7,800 since February however nonetheless 5,400 greater than on the similar time final 12 months, with an unemployment charge of two.2 %, and employment in Santa Clara County fell by 2,200 to 1,026,700, which is down by 10,100 since February and solely three,700 greater than on the similar time final 12 months, which is the smallest enhance since 2009, with an unemployment charge of two.6 %.

As such, the unemployment charge for the Bay Space as an entire has inched as much as 2.eight % with a complete of four,063,500 folks employed, which is 55,400 fewer since February and versus a rise in employment by 29,100 from February to June of final 12 months.

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