San Francisco’s hospitality sector is recovering jobs and the labor market is hot, but a recession may be coming. That is the opinion expressed by the city’s chief economist in a recent report from the city Controller’s Office.
Leisure and hospitality led job growth among industry sectors as a strong summer travel season begins both locally and nationally. The return of conventions to the city is also helping. Hotel occupancy and rates in early June exceeded the 2019 average for the first time since the start of the pandemic, according to the Controller’s Office.
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