Office of Economic Analysis
Economic Barometer
About the Economic Barometer:
The purpose of the Economic Barometer is to provide the public, elected officials, and City staff with a current snapshot of San Francisco economic indicators. The Economic Barometer reviews general economy-wide employment indicators, as well as major sectors of the City's economy, including real estate, tourism, and retail.
Issuance of the Economic Barometer will be on quarterly basis. Indicators will be updated at sfbarometer.weebly.com, which will include data visualizations of the economic indicators along with a PDF of the quarterly summary. Data on the website will be updated throughout the quarter as it becomes available.
Highlights:
Recent changes:
Program Team:
For more information, contact:
Ted Egan, Chief Economist
(415) 554-5268
ted.egan@sfgov.org
Jay Liao, Economist
(415) 554-5159
jay.liao@sfgov.org
The purpose of the Economic Barometer is to provide the public, elected officials, and City staff with a current snapshot of San Francisco economic indicators. The Economic Barometer reviews general economy-wide employment indicators, as well as major sectors of the City's economy, including real estate, tourism, and retail.
Issuance of the Economic Barometer will be on quarterly basis. Indicators will be updated at sfbarometer.weebly.com, which will include data visualizations of the economic indicators along with a PDF of the quarterly summary. Data on the website will be updated throughout the quarter as it becomes available.
Highlights:
- Employment in the San Francisco Metropolitan Division continued to grow for the 33rd month in a row. However, growth has slowed to roughly half the rate seen in the summer of 2012.
- The Professional and Business Services, Leisure and Hospitality, Construction, and Information sectors continue to lead the region's job growth.
- Housing prices in San Francisco also continue their rapid growth, but at a slightly slowing pace. In September, Zillow's average home value was 17% higher than the same month in 2012; in May it was 22% higher. This trend of slightly slower growth has been seen for several months.
Recent changes:
- Beginning in January 2013, the Bureau of Labor Statistics reclassified certain types of employment, which accounts for the large drop in Other Services and the large increase in Education and Health Services in the county-level employment data.
Program Team:
For more information, contact:
Ted Egan, Chief Economist
(415) 554-5268
ted.egan@sfgov.org
Jay Liao, Economist
(415) 554-5159
jay.liao@sfgov.org
