Bay Area Employment Drops along with Unemployment Rates

Having recorded an above-average bump in seasonal hires in July, the number of people residing in San Francisco with a job dropped by 3,000 over the past month to 557,200. But with the labor force having dropped by 3,300 to 570,900, the employment rate in the city dropped from 2.5 percent to 2.4 percent in August as well.


That being said, there are still 120,500 more people living in San Francisco with paychecks than there were at the start of 2010 and 3,800 more than at the same time last year (versus a year-over-year increase of 8,400 in August of 2017 or a year-over-year gain of 20,800 in August of 2015).


Read full article @elizabethGkilgore





#BayArea #Unemployment #SanFrancisco #California #realestate #elizabethGkilgore #PacUnion #egk415 #pacificunion