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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 ....
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 man ....
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 ....
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 ....
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