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CONTACT: Sherif Hanna
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Spring 2018

The San Francisco (MD) The San Francisco economy enjoyed modest growth in late 2017, a trajectory that should continue throughout 2018. With steady job gains, the region’s unemployment rate continued its downward trend, resulting in one of the lowest unemployment rates in the state. Meanwhile, San Francisco continues to lead the state in high home prices.

SF Employment Continues Growth Trajectory

The San Francisco labor market has continued to expand, growing by 1.8% between February 2017 and February 2018 and reaching a total of 1.13 million jobs. Over the same time, the region’s unemployment rate fell by 0.6 percentage points, dipping to 2.5% as of February 2018 — one of the lowest levels in the state.

Employment growth in San Francisco fell short of growth in both the South Bay, where jobs expanded by 2.9%, and the East Bay, where employment rose by 2.2%. However, the...



 

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