SAN FRANCISCO (BCN) — The latest report out Friday on the recovery of the San Francisco economy presents a mix of good and bad as COVID-19 restrictions have been eased by officials.
Overall, the city’s economic recovery has been slowed by the Delta variant, but some indicators show things improved in September, the latest data available.READ MORE: Oakland City Council Votes To Increase Police Staffing
Office attendance had its strongest month so far, employment has been rising, led by hiring in the hard-hit leisure and hospitality sector, and the public sector added jobs. The growth in public sector jobs was focused in the K-12 and post-secondary education markets.READ MORE: Bay Area Remembers 1941 Attack On Pearl Harbor That Changed America Forever
Other indicators show parts of the economy worsening. The office vacancy rate continued to rise over the July to September quarter, a labor shortage is developing as employment rises and the city’s labor force shrinks, and apartment rents remain 13 percent below their pre-pandemic level.
The latest report on the city’s economic recovery can be found at https://openbook.sfgov.org/webreports/details3.aspx?id=3021.MORE NEWS: 'Prolific' San Francisco Retail Theft Suspect Back In Jail After New Arrest
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