Mayor Lee’s Statement on SF Unemployment Rate Dropping to 5.3 Percent, Lowest Since 2008
Mayor Edwin M. Lee today issued the following statement on San Francisco’s unemployment rate dropping to 5.3 percent in September and October from a revised 5.7 percent in August, based on preliminary unemployment numbers released by the California Employment Development Department (EDD):
“San Francisco’s steady recovery is gaining momentum from our unrelenting focus on building economic infrastructure, job creation, housing, and educating and training the workforce for the new demands of the 21st century economy.
San Francisco residents are getting back to work across every major job sector – from hospitality and tourism to construction to technology to manufacturing to our neighborhood small businesses. And we will continue to support all these sectors as they continue to grow in our City’s economy.
San Francisco’s unemployment rate today stands at a record low, and I will continue to aggressively pursue policies that get people back to work, support families and affordability and invest in the future of our City.”
San Francisco is now tied with Napa County for 3rd lowest in the State. According to the Bureau of Labor Statistics, jobs located in San Francisco increased by 4.3 percent on a year-over basis as of March 2013, ranking it 11th (in the top 10th) in performance of the 335 largest counties in the nation. The U.S. posted a job gain of 1.6 percent, and California an addition of 3.0 percent.
“San Francisco’s steady recovery is gaining momentum from our unrelenting focus on building economic infrastructure, job creation, housing, and educating and training the workforce for the new demands of the 21st century economy.
San Francisco residents are getting back to work across every major job sector – from hospitality and tourism to construction to technology to manufacturing to our neighborhood small businesses. And we will continue to support all these sectors as they continue to grow in our City’s economy.
San Francisco’s unemployment rate today stands at a record low, and I will continue to aggressively pursue policies that get people back to work, support families and affordability and invest in the future of our City.”
San Francisco is now tied with Napa County for 3rd lowest in the State. According to the Bureau of Labor Statistics, jobs located in San Francisco increased by 4.3 percent on a year-over basis as of March 2013, ranking it 11th (in the top 10th) in performance of the 335 largest counties in the nation. The U.S. posted a job gain of 1.6 percent, and California an addition of 3.0 percent.