The San Diego Monthly Employment Report (September to October 2014) shows an increase in both the civilian labor force and civilian employment, while civilian unemployment remained constant. Highlights from the report include:
- San Diego’s unemployment rate decreased 0.1 percent, from 5.9 percent in September to 5.8 percent in October–well below the year-ago estimate of 7.4 percent
- Civilian labor force increased by 14,900
- Civilian employment increased by 14,900
- Total civilian unemployment remained constant
- 12,500 nonfarm jobs were added to the region
- The industry with the largest month-over employment loss was Leisure & Hospitality with -1,900 jobs
- The industry with the largest year-over employment gain was Professional & Business Services with an increase of 9,000 jobs
The California Employment Development Department (EDD) reported a decrease in San Diego’s seasonally unadjusted unemployment rate from 5.9 percent in September 2014 to 5.8 percent in October 2014. This 0.1 percent decrease in the unemployment rate resulted from an increase of 14,900 workers in both the civilian labor force and civilian employment, while the number of unemployed individuals remained the same. Although the civilian labor force and number of civilians employed increased equally, the unemployment rate decreased slightly due to the increase in the total civilian labor force.
The industry with the largest month-over employment gains was Government with 6,800 jobs added. Two industries recorded month-over losses with the greatest coming from Leisure & Hospitality, which recorded 1,900 jobs lost.
From October 2013 to October 2014, most industries experienced an increase in jobs with Professional & Business Services seeing the most significant change with 9,000 jobs added in the past year. Only one industry, Financial Activities, saw a decrease over the year (-300).
San Diego County continues to add jobs to the workforce, creating more opportunity for workers. Year-over changes continue to indicate job gains in a majority of the industries from October 2013 to October 2014. While Leisure & Hospitality employment continued to show a month-over decrease (-1,900), the industry still shows an increase over the year.