Saturday, October 17, 2015
S.F.’s Unemployment Rate Drops to 3.2 Percent
The Federal Reserve spigot pumping money into the Silicon Valley Corridor is working just fine.
Unemployment in San Francisco fell to 3.2 percent in September, according to preliminary unemployment numbers released Friday by the California Employment Development Department.
San Francisco's mayor ignored the spigot, though, and took personal credit.
“Today’s great news on employment is the result of our relentless focus these last five years on putting people back to work and bringing hope and opportunity back to our city,” San Francisco Mayor Ed Lee said in a statement.