Overall unemployment rate moved up to 4.7% with the biggest shift in Transportation & Utilities, which lost 5,800 roles, based on the most recently available information published in March 2022.
Total employment in the San Diego-Carlsbad, CA market rose by 10,836 jobs in January and the unemployment rate increased compared to the prior month by 50 bps to 4.7%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- San Diego-Carlsbad, CA unemployment rate is 27 bps above the national rate which is a negative sign.
- Unemployment in the market is 330 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 4.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.5%. Key sectors include:
- Business Services: 273,300; -5,700
- Government: 242,900; -1,700
- Transportation & Utilities: 221,500; -5,800
- Education & Healthcare: 214,700; -2,500
- Restaurants & Hotels: 179,600; -3,000
- Manufacturing: 115,200; +100
- Construction, Mining: 81,900; -1,700
- Financial Services: 73,700; -800
- Other Jobs: 50,600; -700
- IT & Development: 22,000; -500
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.