Overall unemployment rate moved down to 3.1% with the biggest shift in Government, which lost 14,700 roles, based on the most recently available information published in August 2022.
Total employment in the San Diego-Carlsbad, CA market rose by 11,866 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 3.1%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- San Diego-Carlsbad, CA unemployment rate is 68 bps below the national rate which is a positive sign.
- Unemployment in the market is 380 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 3.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Business Services: 278,200; +700
- Government: 234,000; -14,700
- Transportation & Utilities: 220,900; -500
- Education & Healthcare: 218,900; +300
- Restaurants & Hotels: 203,200; +4,600
- Manufacturing: 113,700; +500
- Construction, Mining: 87,800; +1,900
- Financial Services: 74,900; -600
- Other Jobs: 54,300; +800
- IT & Development: 22,900; +300
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.