The San Diego Monthly Employment Report (October 2015 to November 2015) shows a decrease in the civilian unemployment rate, and an increase in the labor force and employment.
The California Employment Development Department (EDD) reported a 0.2 percent decrease in San Diego’s unemployment rate, from 5.0 percent in October to 4.8 percent in November. This figure falls below the highest November unemployment rate (10.9 percent in 2010) but remains higher than the lowest November unemployment rate (4.0 percent in 2006) experienced in the region over the last 10 years.
The industry with the largest month-over employment gain was Trade, Transportation & Utilities (up 5,500 jobs), which is likely experiencing job growth in the Retail Trade industry due to the holiday season. Seven other industries also recorded employment gains, while the only industry to record a month-over job loss was Other Services (Repair & Maintenance, Personal & Laundry Services, and Religious, Grants, Civic, Professional & Like Organizations), which decreased by 400 jobs.
From November 2014 to November 2015, all industries experienced increased job growth, except Other Services. Educational & Health Services had the greatest year-over gain, adding 9,200 jobs to the region with more than 90 percent of the sector’s job growth coming from Health Care & Social Assistance (up 8,600 jobs). Professional & Business Services added 8,200 jobs with 7,300 jobs added in Professional, Scientific & Technical Services.
Month-over and year-over employment gains in all but one industry are positive indicators for the region as San Diego County continues to add jobs to the economy.