Mayor Lee’s Statement on SF Unemployment Rate Dropping to Record Low 4.4 Percent
Repost from the Office of the Mayor, City & County of San Francisco http://www.sfmayor.org/index.aspx?recordid=587&page=846
Mayor Edwin M. Lee today issued the following statement on San Francisco’s unemployment rate dropping to 4.4 percent in April 2014 from 5.3 percent in March 2014, based on preliminary unemployment numbers released by the California Employment Development Department (EDD):
“I have always said that the biggest income gap is between those who have a job and those who do not. That’s why making sure our residents have access to jobs and opportunities will continue to be among my highest priorities. Today’s unemployment numbers demonstrate, once again, that our economic policies are working and that more people than ever are sharing in the success of our City. Our success is possible because of the hard work and innovation of our homegrown San Francisco companies and our residents.
We will continue to aggressively pursue policies that benefit our low and middle income families through our affordability agenda. We will pursue policies that don’t put our economic recovery at risk, like raising the minimum wage responsibly to help our lowest paid workers, small businesses and nonprofit organizations alike.
While our economic success is creating new revenue to fund vital City services, we must also remain committed to the fiscal discipline we have instilled in our spending and budgeting while we invest in education, transportation and housing for everyone.”
San Francisco’s unemployment rate remains the 3rd lowest among the State’s 58 counties.