Overall unemployment rate moved down to 4.6% with the biggest shift in Transportation & Utilities, which gained 7,300 roles, based on the most recently available information published in December 2021.
Total employment in the San Diego-Carlsbad, CA market rose by 20,185 jobs in November and the unemployment rate decreased compared to the prior month by 70 bps to 4.6%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- San Diego-Carlsbad, CA unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is 220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 3.9% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Business Services: 261,700; +1,300
- Government: 241,900; +1,700
- Transportation & Utilities: 219,700; +7,300
- Education & Healthcare: 217,700; +3,700
- Restaurants & Hotels: 169,800; +1,700
- Manufacturing: 113,100; -500
- Construction, Mining: 89,800; -300
- Financial Services: 71,700; -1,100
- Other Jobs: 52,300; +1,200
- IT & Development: 22,900; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.