Economic Development Update Series Part 1: Employment
On March 14, 2016 Business Development staff presented an Economic Development Update to the City Council, providing an overview of recent economic activity and trends, as well as the impact of ongoing and future developments in San Leandro. The update looked at how economic factors have changed, and in most cases improved, since the depths of the recession in 2010. This is the first in a series of three posts designed to provide a snapshot of San Leandro’s current economic status. Click on the images to see enlarged versions.
Part 1: Employment
This post examines changes in the local labor market over time. As the economy improves, the number of jobs generally increase and unemployment rate decreases.
- The number of San Leandrans employed has increased since the height of the recession in 2010.
- Unemployment rate has returned to pre-recession levels, decreasing by 6% from 11.2% to 5.1%.
- Unemployment rate continues to remain below the California and County averages.
- There are approximately 41,500 jobs in San Leandro.
- As evident in the chart, these jobs are spread across a number of major industries.
- This diverse industry base helps the city weather changes in the economy and provides job opportunities for people with a range of interests and education.
- Thanks to the arrival of the new Kaiser Permanente facility, the greatest number of jobs in San Leandro are in the Health Care and Social Services industry.
- The Retail, Manufacturing, Professional, Wholesale & Warehouse, and Construction industries each provide between 10 and 14% of the jobs in San Leandro.
- The City has added over 6,500 new jobs since 2010.
- San Leandro has seen job growth in the Health Care, Construction, Manufacturing, and Recreation & Food Services industries.
- 3,500 new jobs have been created in the Healthcare and Social Assistance category alone.
- While the majority of businesses in San Leandro are small, the majority of jobs are in larger businesses.
- The Top 20 San Leandro employers each employ 200 or more workers.
- These graphs examine where San Leandro residents work and where San Leandro workers live.
- 11% of employed San Leandrans work in San Leandro.
- The three cities in which the largest numbers of San Leandro residents work are Oakland, Hayward, and San Francisco.
- Other top areas include Berkeley, Alameda, San Jose, Fremont, Pleasanton, and Castro Valley.
- San Leandro benefits from a central location in the regional job market, meaning that residents can live here and work in many different areas, and local employers can hire workers from across the Bay Area.
To read the next part in this series, click HERE.
To read the third part in this series, click HERE.