San Francisco 2-4 Unit Apartment Building Market Q3 2025

San Francisco Employment Trends Number of Employed Residents, by Month since 2016*

According to EDD, San Francisco employment numbers remain down by about 7% from early 2020 before the pandemic struck.*

525,000

500,000

475,000

450,000

Pandemic hits ▲ 15% drop in employment

Updated through August 2025

425,000

*Per California Employment Development Dept. (EDD) . Last month’s data is labeled “preliminary” by EDD. EDD often goes back to revise past data releases. Data from sources deemed reliable but may contain errors and subject to revision . All numbers should be considered approximate.

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