San Francisco Area Economic Summary Updated September 07, 2021 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm.
Unemployment rates for the nation and selected Average weekly wages for all industries by county areas San Francisco metro area, first quarter 2021 (U.S. = $1,289; Area = $2,627) Unemployment rates
10.5 United States 5.7
13.6 California 7.9
San Francisco 11.0 County 5.2
San Mateo 9.4 County 4.8
12.0 Alameda County 6.4
Contra Costa 11.9 County 6.7
0.0 5.0 10.0 15.0 Jul-20 Jul-21 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages.
Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector
12-month percent changes in employment San Francisco metro area Change from Jul. employment Jul. 2021 2020 to Jul. 2021 15.0 (number in thousands) Number Percent 10.0 Total nonfarm 2,296.0 105.7 4.8 5.0 Mining and logging 0.3 0.0 0.0 Construction 124.0 2.5 2.1 0.0 Manufacturing 142.5 3.9 2.8 -5.0 Trade, transportation, and utilities 335.2 5.1 1.5 Information 139.3 4.8 3.6 -10.0 Financial activities 140.8 2.0 1.4 -15.0 Professional and business services 499.4 25.6 5.4 Education and health services 354.5 14.0 4.1 -20.0 Leisure and hospitality 204.6 47.1 29.9 Jul-18 Jul-19 Jul-20 Jul-21 Other services 74.9 11.0 17.2 San Francisco metro area United States Government 280.5 -10.3 -3.5 Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics. Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by consumers for selected categories producers for selected industries nationwide
12-month percent change in CPI-U, June 2021 12-month percent changes in PPI 30.0 25.0 24.5 20.0 25.0 23.1 15.0 10.0 20.0 5.0 0.0 15.0 -5.0 -10.0 -15.0 10.0 -20.0 5.4 -25.0 5.0 3.2 2.2 2.4 Jul-18 Jul-19 Jul-20 Jul-21 General freight trucking 0.0 All items Food Energy Hospitals San Francisco area U.S. city average Hotels (exc casino hotels) and motels Source: U.S. BLS, Consumer Price Index. Source: U.S. BLS, Producer Price Index.
Average annual spending and percent distribution Average hourly wages for selected occupations for selected categories San Francisco United Occupation metro area States Average annual expenditures, United States and All occupations $39.35 $27.07 San Francisco area, 2018-19 100% $16,828 $11,144 Human resources managers 84.00 64.70 80% $4,898 $5,081 $11,012 $7,230 Registered nurses 71.73 38.47 60% $11,486 $8,047 40% $11,103 $10,507 Electricians 51.29 29.59 20% $31,960 $20,386 0% Accountants and auditors 48.60 39.26 San Francisco area United States All other items Healthcare Graphic designers 38.86 28.06 Personal insurance & pensions Food Transportation Chefs and head cooks 34.35 28.24 Housing Source: U.S. BLS, Consumer Expenditure Survey. Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020.
Employer costs per hour worked for wages and Over-the-year changes in wages and salaries selected employee benefits by geographic division 12-month percent changes in ECI Private industry, West census United March 2021 region States 5.0 Total compensation $40.60 $36.64 4.5 Wages and salaries 28.59 25.80 4.0 3.5 Total benefits 12.01 10.83 3.0 Paid leave 3.09 2.72 2.5 Vacation 1.56 1.39 2.0 Supplemental pay 1.29 1.27 1.5 Insurance 3.14 2.83 1.0 Retirement and savings 1.34 1.25 0.5 0.0 Legally required benefits 3.16 2.77 Jun-18 Jun-19 Jun-20 Jun-21 San Francisco area United States Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index.
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