Overall unemployment rate moved up to 3.4% with the biggest shift in Government, which gained 3,100 roles, based on the most recently available information published in September 2022.
Total employment in the San Diego-Carlsbad, CA market rose by 5,884 jobs in August and the unemployment rate increased compared to the prior month by 30 bps to 3.4%. The national unemployment rate stayed flat over the same time period at 3.8%.
- San Diego-Carlsbad, CA unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 2.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Business Services: 279,800; +1,200
- Government: 237,000; +3,100
- Transportation & Utilities: 220,600; -600
- Education & Healthcare: 218,500; -400
- Restaurants & Hotels: 205,100; +2,200
- Manufacturing: 113,700; +300
- Construction, Mining: 89,000; +1,000
- Financial Services: 74,500; -500
- Other Jobs: 54,800; +400
- IT & Development: 22,900; -100
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.