Blue Green Line in Header

View other regions: South Bay |  East Bay |  Los Angeles |  San Diego |  Inland Empire

Beacon Economics provides customized five-year data forecasts for variables including:
    Taxable Sales
    Home Prices & Sales
    Personal Income

Learn more

CONTACT: Sherif Hanna
Receive the San Francisco
Regional Outlook by email

San Francisco Employment Hits All Time High

Nonfarm employment in the San Francisco Metropolitan Division (MD) (includes San Francisco, Marin, and San Mateo Counties) has reached record high levels and the region is strengthening its position as one of the leading drivers of job creation in California. As of July 2014 there were 1,106,400 nonfarm jobs in the region, 3,500 more positions than in December 2000 when the all time high was set. Job creation in the San Francisco MD is also outpacing the state. From July 2013 to July 2014 nonfarm employment in the region grew by 3.4%, compared to 2.1% in the state overall.

Furthermore, the San Francisco MD boasts the lowest unemployment rate in California, currently at 4.5% compared to 7.4% in the state overall. Importantly, the low unemployment rate is a result of people moving from unemployed to employed as opposed to job seekers dropping out of the labor force. From July 2013 to July 2014 there were 18,600 residents who found jobs and an additional 8,500 residents who entered the labor force.

With the exception of marginal losses in the Natural Resources and Mining, Wholesale Trade, and the Other Services sectors, job gains were seen across every major industry in the San Francisco MD. Even Government sector employment, which has been in general decline...


... To continue reading this current edition, please Login or Create an Account to view the full content. It's simple and we will never share your information without your permission.

No Nonsense Economics blog feature image

Client Quotes

"Beacon Economics has become an invaluable resource to the Los Angeles Area Chamber of Commerce, providing us with data and research that informs our efforts to rebuild the region’s economy."
Gary Toebben, President & CEO, Los Angeles Area Chamber of Commerce

"Beacon Economics has substantially increased economic literacy here in Sonoma County."
Ben Stone, Director, Sonoma County Economic Development Board

"The professional and technically skilled staff at Beacon Economics delivered an excellent product that has been key to our District’s long term planning and fiscal health."
Dave Collins, Assistant General Manager, Finance and Management Services, East Bay Regional Park District