Overall unemployment rate moved up to 3.3% with the biggest shift in Transportation & Utilities, which gained 4,600 roles, based on the most recently available information published in January 2022.
Total employment in the San Diego-Carlsbad, CA market rose by 682 jobs in November and the unemployment rate increased compared to the prior month by 10 bps to 3.3%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- San Diego-Carlsbad, CA unemployment rate is 6 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November 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 1.1% . Key sectors include:
- Business Services: 287,500; +3,000
- Government: 252,900; +3,300
- Education & Healthcare: 226,100; +3,100
- Transportation & Utilities: 224,700; +4,600
- Restaurants & Hotels: 202,700; +2,600
- Manufacturing: 113,800; +900
- Construction, Mining: 87,200; -1,700
- Financial Services: 73,500; +200
- Other Jobs: 54,300; +200
- IT & Development: 22,700; -100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.