Overall unemployment rate stayed flat at 3.7% with the biggest shift in Restaurants & Hotels, which gained 2,800 roles, based on the most recently available information published in April 2023.
Total employment in the San Diego-Carlsbad, CA market rose by 9,177 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- San Diego-Carlsbad, CA unemployment rate is 19 bps below the national rate which is a positive sign.
- Unemployment in the market is 30 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 3.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Business Services: 288,300; +2,300
- Government: 250,000; -1,900
- Education & Healthcare: 235,700; +2,100
- Transportation & Utilities: 221,700; -600
- Restaurants & Hotels: 200,900; +2,800
- Manufacturing: 117,500; -200
- Construction, Mining: 88,900; +1,600
- Financial Services: 77,400; +900
- Other Jobs: 57,100; +800
- IT & Development: 21,900; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.