December 2022

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 snapshot of the labor market in the San Francisco Bay Region as of October 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

Unemployment rates comparable to pre-pandemic levels continued across the Bay Region into September 2022 and October 2022, with the Region’s average unemployment rate at 3% in October 2022, compared to an average of 2.9% in October 2019. Unemployment in September dipped even lower for many sub-regions, as shown in the figure below, before increasing slightly in October. The Mid-Peninsula sub-region reported the Region’s lowest rate of unemployment in October 2022 at 2.1%, followed by the Marin and San Benito-Santa Clara sub-regions, at 2.2%. To view additional unemployment rates for select sub-county areas, visit EDD's website here. View and export more unemployment data for the Bay Region here, or at the Bay Region COE’s resource page on BACCC’s website.

Data source: Labor Market Information Division of the California Employment Development Department (EDD). Data collection conducted during 2nd week of the month.

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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 - Bay Area Economy Insights Federal Reserve Opportunity Occupations Monitor Rework America Alliance & McKinsey Job Progression Tool

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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