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Business

Uber and Lyft drivers in San Francisco required to get a business license

Nathan Andrada – Fourth Estate Contributor

San Francisco, CA, United States (4E) – San Francisco will now require 37,000 Uber and Lyft drivers working at least seven days a year in the city to get a business license, according to a letter sent by the Office of the Treasurer and Tax Collector to drivers on Friday.

The city has given the drivers 30 days to get a license, which costs $91 a year for businesses that earn less than $100,000.

City Treasurer Jose Cisneros did not provide a full explanation for the move, but he said that the city introduced its online business registration system in March, in which registrants previously had to personally apply at the City Hall.

Uber’s and Lyft’s independent contractors are required to comply with local laws which could differ based on the city where they operate.

San Francisco isn’t the first city to require a business license for Uber and Lyft drivers, but it is one the biggest markets for the two rise-sharing companies.

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Economy

California unemployment rate at 5.4 percent in March; adds 4,200 jobs

Nathan Andrada – Fourth Estate Contributor

Sacramento, CA, United States (4E) – California added 4,200 jobs and the unemployment rate dropped to 5.4 percent in March, according to data from the Employment Development Department released Friday. The unemployment rate is the lowest since July 2007.

Despite the decline in unemployment rate, it continues to be higher than the average U.S. unemployment rate at 5 percent, an indication that some parts of the state are still having labor markets that are struggling. Job cuts in a number of industries hamper job growth particularly in high-paying fields like business and professional services.

Over the past year, however, the job market has improved as California employers have added 420,800 positions since March 2015, a gain of 2.6 percent.

Trade, transportation and utilities was the sector with the most contribution in March with 11,100 workers added. Seven other sectors, including manufacturing, professional services, hospitality, information, mining, other services and construction, cut a total of 18,400 jobs.

Construction, which generally provided the most job gains for California, shed 7,400 jobs in March, the largest drop of any industry.

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