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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...