Redwood City’s Unemployment Rate Far Lower Than State Average

Source: patch.com | Re-Post MNM Partners, LLC 4/6/2017 – 

The unemployment rate in each of the Bay Area’s nine counties dropped in February compared with January, according to data from the California Employment Development Department.

San Mateo County has the lowest unemployment rate in the nine-county area, and saw unemployment dip to 2.8 percent from 2.9 percent.

Here in Redwood City in particular, the rate fell from 2.7 percent to 2.5 percent, according to preliminary estimates. Some 1,300 of the city’s 50,000-strong labor force were without jobs in February, the data indicates.

The changes follow a drop in the statewide unemployment rate. The state’s non-seasonally-adjusted jobless rate in February was 5 percent, according to the EDD. In January, the statewide rate was 5.2 percent – which was revised from a preliminary figure of 5.1 percent.

Statewide, nonfarm payroll jobs, which exclude jobs in farming, the self-employed who are not incorporated, employment in private households and jobs in military and intelligence agencies, jumped by 22,900.

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