Mayor Edwin M. Lee today issued the following statement on San Francisco’s unemployment rate dropping to 7.8 percent in November, based on preliminary unemployment numbers released by the State Employment Development Department (EDD):
“Job creation remains my highest priority and that’s why I am excited to learn that San Francisco’s unemployment rate has dropped again, making our City among the lowest in the state. We are creating good paying jobs in San Francisco from small businesses in our neighborhood commercial corridors to new technology startups to infrastructure construction jobs.
Since I took office in January 2011, we’ve seen a marked drop in the unemployment rate, demonstrating that San Francisco is moving in the right direction and our economic polices are helping to get people back to work.
Although our rate is among the lowest in the state, I will continue to work every day to make sure San Franciscans have access to good jobs and we keep our economy growing.”
Since January 2011, the unemployment rate has dropped steadily from 9.5 percent to now 7.8 percent. This 1.7 percentage decrease in unemployment represents an additional 17,100 employed San Franciscans in a broad range of industries including professional, scientific, and technical service, construction, food service and healthcare.
Last updated: 12/16/2011 2:10:00 PM