Retailers Hire, Jobless Rate Falls Several NotchesWednesday, December 26, 2012
San Diego’s unemployment rate dipped by three-tenths of a percent in November to 8.3 percent, as the retail sector did its annual expansion in advance of the holiday shopping season.
San Diego’s jobless rate was below that of the state at an adjusted 9.8 percent, which dropped to single digits for the first time since January 2009. However, the local jobless rate was still above the national rate of 7.4 percent, according to data provided by the state’s Employment Development Department.
Over the full month, the region gained a net of 7,600 nonfarm jobs, while agricultural employment declined by a net 200 jobs.
The sector that includes retail trade jumped by 5,000 jobs, but was offset by a decline of 500 jobs in wholesale trade. Six other sectors added jobs during the month, led by the government sector, which increased by 2,300.
Three nonfarm sectors showed decreases: leisure and hospitality, down 700; manufacturing, down 500; and construction, down 200.
For the 12 months from November 2011, the region gained 24,600 jobs, up 2 percent.
Professional and business services had the greatest year over year increase with 8,600 jobs added. Most of those came from a subset called administrative and support, and waste services.
Eight other sectors had net increases over the year led by leisure and hospitality with 5,300 jobs. Manufacturing was the only sector showing a net loss over the 12 months of 2,000 jobs.
— SDBJ Staff Report