The San Diego Monthly Employment Report (May 2016 to June 2016) shows increases in the civilian unemployment rate, labor force and employment.
The California Employment Development Department (EDD) reported an increase in San Diego’s unemployment rate from 4.2 percent in May to 5.1 percent in June, but remaining just below the year-ago estimate of 5.2 percent.
This month’s 5.1 percent unemployment rate falls below the highest June unemployment rates (10.7 percent in 2010 and 2011), but remains higher than the lowest June unemployment rate (4.1 percent in 2006) experienced in the region over the last 10 years.
Following the seasonal trend of the last two months, Leisure & Hospitality recorded the largest month-over gain of 5,400 jobs. Accommodation & Food Services accounted for nearly two-thirds of the sector’s job growth (up 3,400), while Arts, Entertainment & Recreation contributed the remaining 2,000 jobs. Five other sectors saw employment growth, with Government (up 2,000) and Trade, Transportation, & Utilities (up 1,100) representing the only two gains over 1,000.
Two sectors reported month-over job losses, with Educational & Health Services experiencing the largest employment decline of 1,700 jobs, while Financial Activities and Information both remained flat.
From June 2015 to June 2016, all but one sector experienced job growth. Leisure & Hospitality experienced the greatest year-over gain, adding 7,800 jobs to the region. Ninety-four percent of this growth came from Accommodation & Food Services (up 7,300), while Arts, Entertainment & Recreation added the remaining 6 percent (up 500 jobs). Professional & Business Services and Educational & Health Services each grew by 7,000 jobs, and Government grew by 6,300. Information was the only sector to experience no year-over change.
San Diego County experienced month-over gains across all sectors except in Education & Health Services and Manufacturing. However, these two sectors experienced year-over employment gains, indicating that this month-over change may not affect their actual net growth. Additionally, San Diego’s unemployment rate remains lower than the California rate of 5.7 percent and matches the national rate of 5.1 percent during the same period.