Overall unemployment rate moved down to 3.4% with the biggest shift in Restaurants & Hotels, which gained 5,000 roles, based on the most recently available information published in April 2022.
Total employment in the San Diego-Carlsbad, CA market rose by 17,145 jobs in March and the unemployment rate decreased compared to the prior month by 60 bps to 3.4%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- San Diego-Carlsbad, CA unemployment rate is 35 bps below the national rate which is a positive sign.
- Unemployment in the market is 420 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 3.6% and are up 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: 280,100; +900
- Government: 245,600; +1,700
- Transportation & Utilities: 219,600; -1,000
- Education & Healthcare: 217,200; -1,100
- Restaurants & Hotels: 188,800; +5,000
- Manufacturing: 113,600; +200
- Construction, Mining: 84,500; -100
- Financial Services: 75,900; +800
- Other Jobs: 53,600; +1,500
- IT & Development: 22,200; +100
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.