The San Diego Monthly Employment Report (July 2016 to August 2016) shows decreases in the civilian unemployment rate, labor force and employment.
The California Employment Development Department (EDD) reported a decrease in San Diego’s unemployment rate from 5.3 percent in July to 5.0 percent in August, and remains below the year-ago estimate of 5.2 percent.
The 5.0 percent unemployment rate falls below the highest August unemployment rate (10.9 percent in 2010) but remains higher than the lowest August unemployment rate (4.1 percent in 2006) experienced in the region over the last 10 years.
Trade, Transportation & Utilities recorded the largest month-over gain of 1,000 jobs. Five other sectors saw employment growth, with Financial Activities adding 700 jobs, and Educational & Health Services, Professional & Business Services and Information each contributing 200 jobs.
Four sectors reported month-over job losses, with Leisure & Hospitality experiencing the largest employment decline of 2,000 jobs. The remaining 1,100 of this loss came from Government, Manufacturing and Construction.
Despite month-over losses in four sectors, San Diego County continues to experience year-over gains in a majority of sectors. Additionally, San Diego’s unemployment rate continues to remain lower than the California rate of 5.6 percent.