With the number of San Francisco residents with jobs having increased by 10,000 over the past year, the unemployment rate in the city has dropped to 4.4 percent and employment is at all-time high.
The number of employed San Francisco residents now totals 465,900, that’s 400 more than the 465,500 people employed at December 2000’s dot-com peak when the unemployment rate in the city measured 3 percent. Dropping by 3,400 people last month, the labor force in San Francisco currently totals 487,500 versus 480,000 at the end of 2000, according to California’s Employment Development Department.
The unemployment rate in San Francisco topped out at a little over 10 percent <strong>in January of 2010 when 58,200 fewer San Francisco residents were employed than today</strong>.
The unemployment rates in Marin and San Mateo dropped 0.8 percentage points to 3.9 percent and 4.2 percent respectively in April, and the unadjusted unemployment rate for California fell to 7.3 percent, in part due to a shrinking of the labor force by 187,600.
Evil tech industry, bringing jobs and prosperity to SF!! I yearn for the days of ebola and malnutrition.
this is horrible, what are we going to do? all this prosperity and wealth. the horror!
goddamn liberals are destroying this city with their job creation.
Tipster was right until 2011. Fluj was wrong from 2008 until 2009 when he conceded a downturn. Tipster did his victory dance, but didn’t realize the music had stopped.
Permabears vs permabulls. Both are right at some point, like 2 broken clocks.
Fewer than 25% of the IPOs of 2014 so far (that is, eight companies) have shown a profit.
Prosperity through tax and tariff arbitrage. What could go wrong?
I was dreamin’ when I wrote this, So sue me if I go 2 fast
But life is just a party, And parties weren’t meant 2 last
War is all around us, My mind says prepare 2 fight
So if I gotta die, I’m gonna listen 2 my body tonight
Yeah, they say two thousand zero zero party over Oops out of time
So tonight I’m gonna party like it’s 1999
🙂
Does anyone have a link to a well-written article (SF Business Times, perhaps) which give a good analysis of the sustainability of the current job market in SF? Thanks in advance.
When the lines meet run for cover!
I know 2000 was crazy but is that massive spike over just the course of a few months real or was there a change to the way the data was collected/adjusted?
Just look on angel.co/jobs. Every single job there pays $80,000 – $200,000. No shortage of jobs and good money.