2022 - Year In Review

San Francisco Bay Region: LMI News & Updates

The San Francisco Bay Center of Excellence (COE) for Labor Market Research strives to provide useful labor market data and information to the 28 community colleges we serve. We know it is paramount that colleges stay informed as they adapt programs and prepare students to transition to a post-pandemic labor market. This newsletter provides a brief year in review of the labor market in the San Francisco Bay Region during 2022.

In keeping with how the California Employment Development Department (EDD) provides the data, data in this newsletter on unemployment and industry employment are presented by metropolitan statistical areas (MSAs). Table 1 below provides a crosswalk of how these metropolitan areas align with counties and the sub-regions established by the California Community College Chancellor’s Office (CCCCO).

Unemployment

The figure below presents unemployment rates across the Bay Region for the most recent two years, from January 2021 to December 2022. Unemployment rates started off considerably lower at the start of 2022 compared to January 2021, and continued a downward trend throughout the year.  By December 2022, the entire region reported unemployment levels similar to or slightly lower than December 2019, prior to the COVID-19 pandemic. Monterey reported the highest unemployment rate in December 2022 at 6.9%, while the Mid-Peninsula reported the lowest unemployment at 2%. To view additional unemployment rates for select sub-county areas, visit EDD's website here. Explore more: View and export more unemployment data for the Bay Region here, or visit the COE resource page on BACCC’s website here.

Data source: Labor Market Information Division of the California Employment Development Department (EDD).

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Additional Resources

For additional labor market information for California and the Bay Region, visit: Statewide Centers of Excellence (COE) for Labor Market Research San Francisco Bay COE / BACCC Bay Area Community College Consortium (BACCC) Bay Area Council Economic Institute Recovery Tracker

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Questions? Comments?

This newsletter is intended to provide useful labor market data and information relevant to the San Francisco Bay Region. Please contact us if you have any questions about the newsletter, or suggestions for additional data and information you would like to see in future newsletters.   John Carrese, Director jcarrese@ccsf.edu   Chris Lee, Assistant Director culee@ccsf.edu