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March 20, 2015

The San Diego Monthly Employment Report (January 2015 to February 2015) shows a decrease in the civilian unemployment rate and civilian labor force, and an increase in civilian employment. Highlights from the report include:

  • San Diego’s unemployment rate was 5.3 percent in February, down 0.5 percent from January and well below the year-ago estimate of 7.1 percent
  • Labor force decreased by 1,400
  • Employment increased by 5,400
  • Unemployment decreased by 6,800
  • Nonfarm jobs in the region increased by 6,200
  • Government had the largest month-over employment gains, with an increase of 2,600 jobs
  • Construction had the largest month-over employment loss, with a decline of 400 jobs
  • All industries grew in employment between February 2014 and February 2015, with Professional & Business Services having the largest increase of 8,800 jobs

The California Employment Development Department (EDD) reported a decrease in San Diego’s unemployment rate, from a revised 5.8 percent in January to 5.3 percent in February. The 1,400 workers who dropped out of the labor force between January and February contributed to the large decrease in the unemployment rate. The 5.3 percent unemployment rate falls far below the highest February unemployment rate (10.7 percent in 2010) but higher than the lowest February unemployment rate (4.1 percent in 2006) experienced in the region over the last 10 years. 

The industry with the largest month-over employment gain was Government, with 2,600 jobs added, primarily from seasonal advances in education that contributed to over 60 percent of job growth in local government. Two industries recorded month-over losses with the greatest coming from Construction (-400), which represents a relatively small loss for the industry. 

From February 2014 to February 2015, all industries experienced increased job growth. Professional & Business Services had the greatest year-over gain adding 8,800 jobs to the region, over 90 percent of which came from employment in Professional, Scientific & Technical Services. 

“Most sectors recovered from January’s employment decline,” says SDWP CEO Peter Callstrom. “These gains and the year-over job growth across all industries continue to indicate strength in the San Diego region.”

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