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Articles Recently Tagged: COVID-19

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430K Bay Area Jobs Have Been Recovered, 220K Left to Go

430K Bay Area Jobs Have Been Recovered, 220K Left to Go

Having slipped by (an upwardly revised) 2,400 in August, the number of people living in San Francisco with a paycheck increased by 6,300 in September to 535,700, dropping the unemployment rate to 4.1 percent with 42,500 more employed residents in the city than there were at the same time... Read More »

Rents in San Francisco Tick up but Still Depressed

Rents in San Francisco Tick up but Still Depressed

The weighted average asking rent for an apartment in San Francisco has ticked up 1.6 percent since the end of August to $3,425 per month. As such, while asking rents in San Francisco are now up a little over 12 percent, on average, since hitting a pandemic-era low in... Read More »

Expectations for a Rate Hike Have Accelerated

Expectations for a Rate Hike Have Accelerated

Having cited an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook” at the end of last year, the dot plot of Federal Open Market Committee (FOMC) participant’s... Read More »

Bay Area Employment Slipped Last Month

Bay Area Employment Slipped Last Month

Having jumped by (a downwardly revised) 11,600 in July, the number of people living in San Francisco with a paycheck (529,600) slipped by 2,200 in August. But with 3,700 people having left the labor force, the unemployment rate actually inched down to 5.0 percent. And while there are still... Read More »

New Unemployment Claims Drop but Remain Historically High

New Unemployment Claims Drop but Remain Historically High

The number of new unemployment claims filed across the Bay Area dropped to 126,835 in July, which was the fewest new claims in a month since the pandemic hit, down from a pandemic high of 441,813 in March of last year and versus an average of 190,400 a month... Read More »

Rents in San Francisco Are Up 10 Percent

Rents in San Francisco Are Up 10 Percent

Despite some recent misreports to the contrary, apartment rents in San Francisco have not risen 18 percent since the start of the year. The weighted average asking rent for an apartment in the city has rebounded around 10 percent from its pandemic-era low last quarter, however, including a 1... Read More »

Delta Variant Stalls the Recovery in San Francisco

Delta Variant Stalls the Recovery in San Francisco

To quote a new report from San Francisco’s Office of the Controller and Economic Analysis, “the emergence of the Delta variant has stalled aspects of the city’s economic recovery,” with a pullback in the amount of time residents have spent outside their homes; another dip in office attendance; and... Read More »

Over 400K Bay Area Jobs Have Been Recovered, 248K Left to Go

Over 400K Bay Area Jobs Have Been Recovered, 248K Left to Go

Having increased by a downwardly revised 3,500 in June, the number of people living in San Francisco with a paycheck jumped by 12,200 in July to 532,400, representing the most employed residents in San Francisco since the pandemic hit and over 40,000 more employed residents in the city than... Read More »

San Francisco Rents Tick Up, Listing Activity Too

San Francisco Rents Tick Up, Listing Activity Too

While the rebound in San Francisco apartment rents has slowed, the weighted average asking rent for an apartment in the city has ticked up around 1.5 percent ($50) over the past few weeks to around $3,325 per month. As such, the average asking rent in San Francisco is now... Read More »

COVID Hospitalizations in S.F. Surpass First Wave High [UPDATED]

COVID Hospitalizations in S.F. Surpass First Wave High [UPDATED]

While the Covid-19 case rate in San Francisco has dropped from a rolling average of over 270 new cases per day on August 2 to an average of 230 new cases a day as of August 5, an average which should drop under 200 within the next few days,... Read More »