SF re-employment jumps 24k driving unemployment rate down to 7% vs 2% pre-pandemic
The trend was roughly the same across the other eight Bay Area counties, with the unemployment rate across the East Bay dropping from 9.2 in September to 8.0 percent in October and the blended unemployment rate in San Mateo and Santa Clara counties dropping from 7.0 to 5.9 percent with Santa Clara recording the largest jump in re-employment last month, up 49,000 in October to just over a million employed, an increase of 5.2 percent.
Unemployment graph definitely looks v-shaped so far. Might change with second wave of closures