Overall unemployment rate moved down to 3.3% with the biggest shift in Restaurants & Hotels, which gained 2,900 roles, based on the most recently available information published in June 2023.
Total employment in the San Diego-Carlsbad, CA market declined by 12,223 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 3.3%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- San Diego-Carlsbad, CA unemployment rate is 20 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in April versus prior month by 1.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Business Services: 286,500; -1,700
- Government: 254,300; +1,800
- Education & Healthcare: 238,000; +2,700
- Transportation & Utilities: 222,400; +700
- Restaurants & Hotels: 206,400; +2,900
- Manufacturing: 117,300; -300
- Construction, Mining: 90,000; +1,600
- Financial Services: 78,100; +700
- Other Jobs: 58,200; +500
- IT & Development: 21,900; +100
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.