San Francisco’s Jobless Rate Rises, Office Vacancy Rate Still High

San Francisco lost tens of thousands of jobs since the holiday season, the City Controller’s Office reported April 1. “The San Francisco metro division lost 21,000 jobs between December and February, though most of the loss is due to seasonal factors associated with temporary hiring for the holiday season. Remaining job losses are mainly in the tech industry, where layoffs are ongoing,” the controller’s office said. As a result, the city’s unemployment rate rose to 3.8 percent in February, the office reported. The job losses were mainly in technology, retail, and hospitality industries. “The continuing decline in tech employment comes as the Employment Development Department has published revised employment numbers for 2022 and 2023 which show the area’s job losses—particularly in tech and other office industries—were greater than expected,” the controller’s office said....