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Economic Indicators are Mixed as COVID Restrictions are Eased in San Francisco

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A view of City Hall San Francisco from the Civic Center Plaza. (Harika Maddala/ Bay City News)

By Keith Burbank

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.

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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.

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 right here.


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Broke-Ass Stuart - Editor In Cheap

Broke-Ass Stuart - Editor In Cheap

Stuart Schuffman, aka Broke-Ass Stuart, is a travel writer, poet, TV host, activist, and general shit-stirrer. His website BrokeAssStuart.com is one of the most influential arts & culture sites in the San Francisco Bay Area and his freelance writing has been featured in Lonely Planet, Conde Nast Traveler, The Bold Italic, Geek.com and too many other outlets to remember. His weekly column, Broke-Ass City, appears every other Thursday in the San Francisco Examiner. Stuart’s writing has been translated into four languages. In 2011 Stuart created and hosted the travel show Young, Broke, and Beautiful on IFC and in 2015 he ran for Mayor of San Francisco and got nearly 20k votes.

He's been called "an Underground legend": SF Chronicle , "an SF cult hero": SF Bay Guardian, and "the chief of cheap": Time Out New York.

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