City's economy stays stagnant, says report

San Francisco’s overall economy isn’t getting better, but it’s not getting worse.

The overall jobless rate has remained the same this time last year at an unfortunate 9.7 percent, according to a new economic report issued by The City.

In addition, the housing price recovery has been inconsistent, showing some signs of improvement for a few months, followed by average prices retreating in August, with a reported average price virtually unchanged from year-end 2009.

In contrast to housing sales, apartment market conditions have improved steadily this year, with average rental rates increasing 16 percent since the start of 2010. However, average rents are still 12 percent below their peak in September 2008.

Just Posted

SFPD to hold LGTBQ ‘reconciliation and recognition’ night at Glide Memorial

Police hope to acknowledge hateful history, build trust

Vaping proponents sue SF over language for November ballot measure

Proponents for a measure backed by E-cigarette maker Juul Labs Inc. that… Continue reading

Presidential candidates, national leaders make their case at DNC meeting in San Francisco

Factions of the Democratic Party and the broader progressive political movement faced… Continue reading

City cuts to long-term mental health beds prompt protest

Elected officials, hospital staff call move to short-term beds for homeless ‘short-sighted’

SFPD sergeant accused of pulling false fire alarm at Pacifica police station

Sgt. Maria Teresa Donati under investigation after meeting on homelessness disrupted

Most Read