San Francisco's new job problem: Everyone's working
Last edited Wed May 28, 2014, 10:52 AM - Edit history (1)
Source: San Francisco Chronicle
... San Francisco's unemployment rate shrank to 4.4 percent in April, its lowest level since 2008 and well below the state figure of 7.3 percent. The city had the third-lowest unemployment rate in California behind only neighboring Marin and San Mateo counties.
... Manufacturing has also been an unpredicted success, reversing a decades-long trend of shedding jobs. San Francisco's manufacturing sector grew in 2012 for the first time since 1989, figures from the city's chief economist show. Much of that growth has been led by quality food products, specialized textiles and companies that bridge the gap between manufacturing and traditional tech or biotech firms, observers said.
... Since 2010, San Francisco's private sector has added more than 67,000 jobs, a 15 percent gain, making it the second fastest-growing large county in the United States in terms of private-sector employment, according to a report by Michael Mandel of South Mountain Economics released in April and underwritten by Bloomberg Philanthropies.
... The city's tremendous job growth hasn't come without repercussions, however. San Francisco's housing supply hasn't kept pace with surging demand. Rents and home prices have skyrocketed. The Brookings Institution earlier this year published a study showing that the gap between rich and poor was growing faster in San Francisco than any other city in the country.
Read more: http://www.sfgate.com/bayarea/article/S-F-s-new-job-problem-Everyone-s-working-5508184.php#page-1
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Fixed. 
Rule 1: Never DU while asleep.
