San Francisco’s Unemployment Rate Up to 7.8% and Solano 10.5%

The San Francisco Bay Area is typically more insulated from many of the ebbs and flows of the economy than most other parts of the country, but they are now starting to feel it.  According to SF Appeal online publication, the unemployment rate went up all over the Bay Area.  San Francisco went up from 7.4% unemployment to 7.8% and Solano county went up from 10.1% to 10.5%.  Marin is faring the best, only up to 6.6% unemployment from 6.3%.  Compared to other parts of the country, the San Francisco Bay Area (as a whole)  is doing terrific due to legacy tech, tourism and pharmaceutical companies.   However, there has been an outgoing trend that has been pushing these companies elsewhere and pushing up the unemployment rate.  For the rest of the state, the unemployment rate is stuck at 10.7% well above the national average of 8.2%.

For those familiar with the Bay Area, San Francisco and the Silicon valley are the central locations for where people want to work and where many companies want to move (at least as start ups).  But as companies get larger, it becomes increasingly more expensive to support that kind of scale.  Apple, Facebook and Yelp have all hired significant numbers of employees in Austin, Texas and Phoenix, Arizona, all of which are needed in California.  Unfortunately, progressive tax and regulation policies are pushing them away.  People can’t be employed in California if a businesses (aka evil corporations as bay area liberals call them) hire workers outside the state or if their expenditures are so high that they can’t invest in any new hires.

I love San Francisco, but have serious misgivings about the direction of this city its surrounding neighbors and very little of this can be blamed on Republicans as there aren’t any elected to State or Federal office within 60 miles of the city.  San Francisco has a huge advantage over most other parts of the country by having top tiered schools (Stanford, Berkeley, Hastings, Etc…), tourist hot spots (Napa, Sonoma, Lake Tahoe, Etc) and tech but squanders this inflow investment and tax revenue by making it difficult for business to survive here.  On top of that, these same progressives make it difficult for families to send their children to local schools, as student in San Francisco are put into a lottery regardless of where they live in the city (busing system).

I hope that people in the city open their minds to more conservative ideals and not just turn away in disgust when you identify yourself as a Republican/Conservative as things are going in the wrong direction with only Democrats running the city.

 

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