SFGov

MAYOR LEE’S STATEMENT ON SF UNEMPLOYMENT RATE DROPPING TO RECORD LOW 4.8 PERCENT

Mayor Edwin M. Lee issued the following statement on San Francisco’s unemployment rate dropping to 4.8 percent in December 2013 from 5.2 percent in November 2013, based on preliminary unemployment numbers released by the California Employment Development Department (EDD):

“Today’s unemployment numbers demonstrate that San Francisco’s economy continues to recover because of our relentless focus on jobs, fiscal prudence, and the hard work and innovation of our residents.

San Francisco’s unemployment rate today stands at a record low. However, there are still more than 23,000 San Franciscans out of work with even more who are underemployed or who’ve given up looking for work.

Our robust economic recovery creates new revenue to fund vital City services, and it allows us to tackle the significant affordability challenges that still face working and middle class families in our City. That’s why we must continue to pursue an aggressive affordability agenda to build 30,000 new homes by 2020, invest in transportation and education and attract and grow good jobs for all San Franciscans.”

San Francisco’s unemployment rate is now 3rd lowest among the State’s 58 counties.

SFGov