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Unemployment Rate in the San Francisco

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Unemployment Rate in the San Francisco State of California September 17, 2021 EMPLOYMENT DEVELOPMENT DEPARTMENT Labor Market Information Division Contact: Amanda Ha 745 Franklin Street (415) 749-2002 San Francisco, CA 94102 SAN FRANCISCO-REDWOOD CITY-SOUTH SAN FRANCISCO METROPOLITAN DIVISION (SAN FRANCISCO AND SAN MATEO COUNTIES) Professional and business services posted the largest month-over growth The unemployment rate in the San Francisco-Redwood City-South San Francisco MD was 4.8 percent in August 2021, down from a revised 5.1 percent in July 2021, and below the year-ago estimate of 9.1 percent. This compares with an unadjusted unemployment rate of 7.5 percent for California and 5.3 percent for the nation during the same period. The unemployment rate was 5.0 percent in San Francisco County, and 4.6 percent in San Mateo County. Between July 2021 and August 2021, the total number of jobs in the San Francisco-Redwood City-South San Francisco MD, which includes the counties of San Francisco and San Mateo, increased by 5,200 jobs to total 1,101,600 jobs. Professional and business services improved by 2,200 jobs. The majority of the growth came from professional, scientific, and technical services (up 1,600 jobs). Leisure and hospitality added 2,100 jobs, the lowest month-over increase since February 2021. Other industries that registered payroll advances were government (up 1,700 jobs) and other services (up 1,200 jobs). In comparison, private educational and health services (down 2,200 jobs) posted the largest month- over decrease among the major industries. Healthcare and social assistance (down 2,500 jobs) was responsible for the decline. Between August 2020 and August 2021, the total number of jobs in the counties of San Francisco and San Mateo increased by 62,900 jobs or 6.1 percent. Leisure and hospitality rose by 32,400 jobs or 45.2 percent. Food services and drinking places (up 27,700 jobs) was responsible for 85.5 percent of the total surge. Professional and business services posted a growth of 18,200 jobs. While professional, scientific, and technical services (up 15,800 jobs) and administrative, support, waste management, and remediation services (up 2,400 jobs) increased employment, management of companies and enterprises remained unchanged. Other services (up 7,500 jobs) experienced the largest year-over growth since August 2011 to August 2012. Government (down 6,000 jobs) lost the greatest number of jobs. About 55 percent of the loss was due to public schools (down 3,300 jobs). # # # # # State of California September 17, 2021 EMPLOYMENT DEVELOPMENT DEPARTMENT Labor Market Information Division Amanda Ha 745 Franklin Street 415-749-2002 San Francisco, CA 94102 IMMEDIATE RELEASE SAN FRANCISCO-REDWOOD CITY-SOUTH SAN FRANCISCO METROPOLITAN DIVISION (MD) (San Francisco and San Mateo Counties) The unemployment rate in the San Francisco-Redwood City-South San Francisco MD was 4.8 percent in August 2021, down from a revised 5.1 percent in July 2021, and below the year-ago estimate of 9.1 percent. This compares with an unadjusted unemployment rate of 7.5 percent for California and 5.3 percent for the nation during the same period. The unemployment rate was 5.0 percent in San Francisco County, and 4.6 percent in San Mateo County. Unemployment Rate Historical Trend 15.0% 13.0% 11.0% 9.0% 7.0% 5.0% 3.0% 1.0% Jul-2021 Aug-2021 Aug-2021 Industry Change Aug-2020 Change Revised Prelim Prelim Total, All Industries 1,096,400 1,101,600 5,200 1,038,700 1,101,600 62,900 Total Farm 1,600 1,600 0 1,600 1,600 0 Total Nonfarm 1,094,800 1,100,000 5,200 1,037,100 1,100,000 62,900 Mining, Logging, and Construction 43,200 42,600 (600) 44,000 42,600 (1,400) Mining and Logging 100 100 0 100 100 0 Construction 43,100 42,500 (600) 43,900 42,500 (1,400) Manufacturing 37,000 37,200 200 36,200 37,200 1,000 Trade, Transportation & Utilities 130,500 129,600 (900) 129,400 129,600 200 Information 111,000 111,800 800 107,200 111,800 4,600 Financial Activities 83,400 84,100 700 81,600 84,100 2,500 Professional & Business Services 290,400 292,600 2,200 274,400 292,600 18,200 Educational & Health Services 144,700 142,500 (2,200) 138,600 142,500 3,900 Leisure & Hospitality 102,000 104,100 2,100 71,700 104,100 32,400 Other Services 34,800 36,000 1,200 28,500 36,000 7,500 Government 117,800 119,500 1,700 125,500 119,500 (6,000) Notes: Data not adjusted for seasonality. Data may not add due to rounding Labor force data are revised month to month Additional data are available on line at www.labormarketinfo.edd.ca.gov September 17, 2021 Employment Development Department San Francisco Redwood City South San Francisco MD Labor Market Information Division (San Francisco and San Mateo Counties) (916) 262-2162 Industry Employment & Labor Force March 2020 Benchmark Data Not Seasonally Adjusted Aug 20 Jun 21 Jul 21 Aug 21 Percent Change Revised Prelim Month Year Civilian Labor Force (1) 971,200 982,600 1,001,900 995,500 -0.6% 2.5% Civilian Employment 883,100 930,400 951,300 947,400 -0.4% 7.3% Civilian Unemployment 88,000 52,200 50,600 48,100 -4.9% -45.3% Civilian Unemployment Rate 9.1% 5.3% 5.1% 4.8% (CA Unemployment Rate) 12.3% 8.0% 7.9% 7.5% (U.S. Unemployment Rate) 8.5% 6.1% 5.7% 5.3% Total, All Industries (2) 1,038,700 1,089,900 1,096,400 1,101,600 0.5% 6.1% Total Farm 1,600 1,600 1,600 1,600 0.0% 0.0% Total Nonfarm 1,037,100 1,088,300 1,094,800 1,100,000 0.5% 6.1% Total Private 911,600 964,900 977,000 980,500 0.4% 7.6% Goods Producing 80,200 80,100 80,200 79,800 -0.5% -0.5% Mining, Logging, and Construction 44,000 43,000 43,200 42,600 -1.4% -3.2% Mining and Logging 100 100 100 100 0.0% 0.0% Construction 43,900 42,900 43,100 42,500 -1.4% -3.2% Specialty Trade Contractors 21,100 21,100 21,200 20,800 -1.9% -1.4% Manufacturing 36,200 37,100 37,000 37,200 0.5% 2.8% Durable Goods 18,300 18,800 18,600 18,700 0.5% 2.2% Nondurable Goods 17,900 18,300 18,400 18,500 0.5% 3.4% Service Providing 956,900 1,008,200 1,014,600 1,020,200 0.6% 6.6% Private Service Providing 831,400 884,800 896,800 900,700 0.4% 8.3% Trade, Transportation & Utilities 129,400 129,300 130,500 129,600 -0.7% 0.2% Wholesale Trade 22,000 21,000 21,600 21,600 0.0% -1.8% Merchant Wholesalers, Durable Goods 10,600 9,700 10,200 10,200 0.0% -3.8% Merchant Wholesalers, Nondurable Goods 9,300 8,700 8,700 8,700 0.0% -6.5% Retail Trade 65,500 68,300 69,000 67,700 -1.9% 3.4% Food & Beverage Stores 16,900 16,700 16,800 16,600 -1.2% -1.8% Health & Personal Care Stores 5,600 5,900 5,800 5,700 -1.7% 1.8% Clothing & Clothing Accessories Stores 6,300 7,100 7,200 7,100 -1.4% 12.7% General Merchandise Stores 7,000 7,300 7,400 7,300 -1.4% 4.3% Miscellaneous Store Retailers 3,800 3,800 3,900 3,800 -2.6% 0.0% Transportation, Warehousing & Utilities 41,900 40,000 39,900 40,300 1.0% -3.8% Utilities 5,100 5,200 5,200 5,100 -1.9% 0.0% Transportation & Warehousing 36,800 34,800 34,700 35,200 1.4% -4.3% Air Transportation 8,900 8,900 9,000 9,000 0.0% 1.1% Couriers & Messengers 7,500 8,100 8,000 8,100 1.3% 8.0% Information 107,200 109,400 111,000 111,800 0.7% 4.3% Publishing Industries (except Internet) 26,200 25,700 25,800 25,600 -0.8% -2.3% Telecommunications 4,500 4,400 4,400 4,400 0.0% -2.2% Financial Activities 81,600 83,400 83,400 84,100 0.8% 3.1% Finance & Insurance 61,700 62,200 62,000 62,000 0.0% 0.5% Credit Intermediation & Related Activities 27,300 27,500 27,500 27,500 0.0% 0.7% Depository Credit Intermediation 13,300 13,200 13,100 13,000 -0.8% -2.3% Nondepository Credit Intermediation 7,000 7,100 7,100 7,000 -1.4% 0.0% Securities, Commodity Contracts & Investments 23,700 24,300 24,100 24,200 0.4% 2.1% Insurance Carriers & Related 10,700 10,400 10,400 10,300 -1.0% -3.7% Real Estate & Rental & Leasing 19,900 21,200 21,400 22,100 3.3% 11.1% Real Estate 16,700 17,100 17,300 17,500 1.2% 4.8% Professional & Business Services 274,400 287,200 290,400 292,600 0.8% 6.6% Professional, Scientific & Technical Services 201,900 212,800 216,100 217,700 0.7% 7.8% Legal Services 16,900 17,800 17,900 17,600 -1.7% 4.1% Accounting, Tax Preparation & Bookkeeping Se 11,500 11,900 12,000 12,100 0.8% 5.2% Architectural, Engineering & Related Services 14,600 15,800 16,000 16,200 1.3% 11.0% Computer Systems Design & Related Services 81,600 82,300 83,300 83,500 0.2% 2.3% Management of Companies & Enterprises 23,500 23,800 23,400 23,500 0.4% 0.0% Administrative & Support & Waste Services 49,000 50,600 50,900 51,400 1.0% 4.9% Administrative & Support Services 46,600 48,200 48,500 49,000 1.0% 5.2% September 17, 2021 Employment Development Department San Francisco Redwood City South San Francisco MD Labor Market Information Division (San Francisco and San Mateo Counties) (916) 262-2162 Industry Employment & Labor Force March 2020 Benchmark Data Not Seasonally Adjusted Aug 20 Jun 21 Jul 21 Aug 21 Percent Change Revised Prelim Month Year Employment Services 13,200 14,200 14,200 14,400 1.4% 9.1% Investigation & Security Services 9,600 9,400 9,400 9,400 0.0% -2.1% Services to Buildings & Dwellings 13,000 13,000 13,200 13,300 0.8% 2.3% Educational & Health Services 138,600 145,900 144,700 142,500 -1.5% 2.8% Educational Services 28,100 28,200 27,300 27,600 1.1% -1.8% Colleges, Universities & Professional Schools 12,500 11,900 11,600 11,800 1.7% -5.6% Health Care & Social Assistance 110,500 117,700 117,400 114,900 -2.1% 4.0% Ambulatory Health Care Services 37,700 38,900 39,800 37,900 -4.8% 0.5% Hospitals 13,900 14,100 13,800 13,700 -0.7% -1.4% Nursing & Residential Care Facilities 9,700 9,800 9,600 9,300 -3.1% -4.1% Social Assistance 49,200 54,900 54,200 54,000 -0.4% 9.8% Leisure &
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