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<br />Occupations and Unemployment <br /> <br />As shown on Table 6, occupation patterns of employed Pleasanton residents reflect the high <br />educational attainment and household incomes. In 2000, the City's working residents were <br />strongly concentrated in Management, Professional, and Related occupations; 52 percent of <br />employed residents were occupied in these fields, on par with the Tri-Valley (51 percent) and <br />slightly higher than Bay Area workers as a whole (44 percent). Nine percent of Pleasanton <br />and Tri-Valley employed residents worked in service occupations. as compared to 13 percent <br />for the Bay Area. <br /> <br />Unemployment among working Pleasanton residents has been relatively low since 2000. As <br />shown in Table 7, although unemployment averaged an extremely low 1.7 percent for 2000, <br />and rose slightly to 2.8 percent during 2004. it has recently declined again to 2.2 percent for <br />May 2005. These rates compare very favorably to the Bay Area, which registered an <br />average unemployment rate of 3.3 percent for 2004, rose to 5.7 percent for 2004, and have <br />fallen somewhat to 4.5 percent for May 2005. <br /> <br />It should be noted, however. that despite population and household growth in Pleasanton, its <br />labor force participation has been declining. For example, between 2000 and 2004, <br />Pleasanton's labor force has dropped from 36,600 to 35.300, a decrease of 3.4 percent. <br />This trend would be expected if unemployment were substantial, influencing those seeking <br />work or in a job. However. according to the unemployment data, Pleasanton's residents <br />were not unduly impacted by the general economic downturn of the early part of the decade. <br />Thus. the decline in labor force may instead be attributable to overall aging or retirement <br />(early or otherwise) of the adult population. <br /> <br />Pleasanton Economic Development Background Report <br />RNAL - January 2006 <br /> <br />11 <br />