Saddled with high costs that has led to out-migration, San Francisco has recovered only 40% of its lost jobs since the start of the pandemic. Its net job decline of 8.3% from Q1 2020 to Q2 2021 ranks 46th of the top 50 metros, and it is not expected to recover all of its lost jobs until Q3 of 2022, later than most. Nevertheless, it is forecasted to see a healthy return of job growth beyond then, averaging 0.8% per year over the five years to 2027 which is above the forecasted US growth rate of 0.5%. Aside from restaurants and drinking places, a number of STEM-related sectors – tech and life sciences -- will contribute to the job growth and, more so, to GDP growth over the next five years.
What you will learn: