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Employment and Industry <br />The City has a diverse and strong economy, with its business community comprised of a <br />varied collection of businesses ranging from neighborhood coffee houses and fine restaurants, <br />large food processing centers, and regional shopping opportunities, to cutting edge technology. <br />While the economic base has dramatically changed from its agricultural early years, San <br />Leandro continues to expand on its sound business base with the ongoing development of such <br />projects as a new downtown parking structure, a multi - family housing development, a new <br />regional hospital, and the continued revitalization of downtown San Leandro. <br />The recession resulting from the global financial and credit market meltdown in late 2008 <br />has had a direct and dramatic impact on San Leandro's local revenues. While there are some <br />signs of an economic recovery, it is very slow. The unemployment rate in the Oakland- Fremont- <br />Hayward Metropolitan Division, of which San Leandro is a part, was 11.1% in January 2011, up <br />from a revised 10.8% in December 2010, and below the year -ago estimate of 11.7 %. This <br />compares with an unadjusted unemployment rate of 12.7% for the State and 9.8% for the nation <br />during the same period. The unemployment rate was 11.0% in the County, and 11.2% in Contra <br />Costa County. <br />The following table shows civilian labor force and wage and salary employment data for <br />the San Leandro Metropolitan Statistical Area, which is within the County, for the past five <br />available calendar years. <br />A -4 <br />