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Controller's economist: San Francisco suffered deeper job losses and slower recovery; recovery hinges on return of offices and hotels
Summary
Chief Economist Ted Egan told the Entertainment Commission the region lost roughly 175,000 jobs in April 2020 and that professional services have recovered while restaurant and entertainment jobs remain well below pre-pandemic levels; out-migration and loss of tourists are major drag factors.
Ted Egan, chief economist with the San Francisco Controller's office, presented data showing the Bay Area lost roughly 175,000 jobs in one month at the pandemic's onset; about half of those jobs had returned by December 2020. He said high-wage sectors like professional services largely recovered by year-end, while…
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