Of the countrys Statistics Bureau made a stark warning about the number of Vacant Properties in the country. He said chinas massive population of 1. 4 billion people was not enough to fill the number of empty apartments across the country. Our Asia Business reporter Monica Miller explains. Debt restructuring plans fell apart over the weekend which has led to a massive sell off this morning. We are seeing here in asia, about 24 . This was an unexpected development. The embattled developer said that later on sunday it was unable to issue new debt due to the Ongoing Investigation into one of its domestic subsidiaries. Now this company has been plagued with trying to figure of how to pay off its debt with onshore as well as Offshore Companies and investors. You know, it slumped since 2021 when evergrande defaulted initially on its debt obligations. That was following a clampdown from the government on new borrowing. Multiple homes have been purchased by speculators in this market. That hap
Good afternoon. Im paulo ikezoe. And today i will give you a brief presentation with some background and a few highlights on the 2016 commerce and industry inventory and then i will be available for any questions or comments. So just as a reminder, this is the commerce and Industry Annual report combining information from a variety of internal and external data sources. In addition to compiling an annual snapshot, the data we compile every year should serve as a background for updating the commerce and industry element of our general plans. 2016 was the sixth Consecutive Year of job growth in San Francisco and its estimated that we had over 703,000 jobs in the city at the end of 2016, which is a new record. The city added just under 29,000 jobs in 2016. Over the past decade, weve added almost 150,000 jobs. Unemployment has continued to fall to 3. 3 in the city. As you can see, the city continues to outperform the region, the state and the nation on unemployment. Employment has grown ac
We saw a slight decline, down to 28,750. However the total construction value of the permits grew by 11 to 6. 5 billion. Bringing you now into 2016, right as were ready to head to 2018, the latest estimates on unemployment in San Francisco show an incredibly low 2. 7 unemployment. Believe it or not, there are two counties that have even lower unemployment, and those are our neighbors, san matao and marin. The report and data is available on our website and at dsf. Org. With that, im happy to take any comments or questions after Public Comment. Thank you. Well open this item up for Public Comment. Any Public Comment . Seeing none, commissioners . No questions. Thank you for the report. Sorry, commissioner johnson. Commissioner johnson really quickly. As usual, the mandated reports are helpful to us as we think about the overall context of the work we do. Its notable the significant increase in Construction Activity in the city. People thought they saw they have seen cranes for years, bu
Our general plans. 2016 was the sixth Consecutive Year of job growth in San Francisco and its estimated that we had over 703,000 jobs in the city at the end of 2016, which is a new record. The city added just under 29,000 jobs in 2016. Over the past decade, weve added almost 150,000 jobs. Unemployment has continued to fall to 3. 3 in the city. As you can see, the city continues to outperform the region, the state and the nation on unemployment. Employment has grown across all sectors of the economy, with the notable exception of hotels. As you mentioned, construction jobs did grow from a low of 13,860 in 2011, which was the low, lowest point of the economy, to over 20,000 in 2016. So theyre back to the highs that they were prerecession. And construction jobs do, in fact, make up one of the largest proportions of pdr jobs in the city. Average wage citywide is 101,640, and has grown consistently 7 the last decade. Average wage is probably not the most outful metric. One of the reasons it
To 6. 5 billion. Bringing you now into 2016, right as were ready to head to 2018, the latest estimates on unemployment in San Francisco show an incredibly low 2. 7 unemployment. Believe it or not, there are two counties that have even lower unemployment, and those are our neighbors, san matao and marin. The report and data is available on our website and at dsf. Org. With that, im happy to take any comments or questions after Public Comment. Thank you. Well open this item up for Public Comment. Any Public Comment . Seeing none, commissioners . No questions. Thank you for the report. Sorry, commissioner johnson. Commissioner johnson really quickly. As usual, the mandated reports are helpful to us as we think about the overall context of the work we do. Its notable the significant increase in Construction Activity in the city. People thought they saw they have seen cranes for years, but apparently theres more of them. Its interesting that we continue to see that, but theres talk that it