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:
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:
- In December 2013, the city's unemployment rate fell below 5% for the first time since May 2008, to 4.8%.
- Across the 3-county San Francisco metropolitan division, Construction and Professional and Business Services sectors led job growth. Construction jobs grew by 6.8% over the 4th quarter of 2012, while Professional and business Services grew by 6.0%.
- In the first signs of cooling in the residential real estate market, average asking residential rents fell to $3,056 in the fourth quarter of 2013, down from $3,096 in the third quarter.
- 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
