Overall unemployment rate moved down to 6.9% with the biggest shift in Government, which lost 14,800 roles, based on the most recently available information published in September 2021.
Total employment in the San Diego-Carlsbad, CA market rose by 17,205 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 6.9%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- San Diego-Carlsbad, CA unemployment rate is 124 bps above the national rate which is a negative sign.
- Unemployment in the market is 540 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 6.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:
- Business Services: 249,100; -100
- Government: 221,200; -14,800
- Education & Healthcare: 211,500; -2,700
- Transportation & Utilities: 209,400; +700
- Restaurants & Hotels: 161,900; +6,100
- Manufacturing: 114,200; -1,200
- Construction, Mining: 87,600; +2,800
- Financial Services: 72,500; +300
- Other Jobs: 49,500; +900
- IT & Development: 22,600; +200
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.