SAN FRANCISCO-According to Mayor Edwin M. Lee, San Francisco’s unemployment rate has dropped to 6.5% for San Francisco County, its lowest since 2008, based on preliminary unemployment numbers released by the State Employment Development Department. “When I first came into office in January 2011, San Francisco’s unemployment rate was 9.6%,” he says.
According to Mayor Lee, “It’s a new year and we are experiencing a consistent improvement in our economy, yet we will not rest for the 30,900 San Franciscans who are still unemployed,” he says. “I will continue to work with every business sector in the City to make sure we continue to support policies that grow jobs and put San Franciscans back to work.”
According to an announcement from the Mayor, San Francisco County registered the third lowest unemployment rate among California’s 58 counties as of December 2012. Jobs located in San Francisco County increased by 4.3% on a year-over basis as of the second quarter of 2012, according to the Bureau of Labor Statistics.
That ranked the county 15th in performance out of the 329 largest counties in the nation and represented a year-over job expansion of about 26,000 jobs.