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Page 16 of 22 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />Table 7 <br />Labor market data is another important marker to gauge economic health. The labor market continues to <br />show strength, with January 2025 representing the 49th consecutive month of job gains, the second-longest <br />period of employment expansion on record. Further, January’s 4.0% national unemployment rate remains <br />historically low. And, wage growth remains strong, rising 0.5% from December. <br />8.A. - Page 16 of 70 <br />181