San Diego Business Journal

October Jobless Picture Beats Gloomy October 2011

Tuesday, November 20, 2012

San Diego’s unemployment rate edged up a tenth of a point to 8.6 percent in October, compared to September, but down from October 2011 when it was 9.8 percent, according to the state’s Employment Development Department.

The unadjusted jobless rate for California was 9.8 percent, while the national rate was 7.5 percent for the same month.

During October the region added 8,900 jobs, with the largest number coming from the government sector with 7,000 jobs. The biggest chunk came from local education jobs.

Unemployment grew because about 5,000 more people entered the ranks of those seeking work.

Four other sectors showed increases, led by professional and business services, up 3,100; trade, transportation and utilities, up 2,600; and educational and health services, up 1,400.

Five sectors sustained losses led by leisure and hospitality, down 3,700; and accommodation and food services, down 2,600.

Over the 12 months, the region’s nonfarm employment has increased by 23,500 jobs, or 1.9 percent. The major contributors to the gains came from professional business services, up 8,100; and leisure and hospitality, up 5,100.

Two sectors showed net losses: manufacturing, down 1,900; and government, down 600.

— SDBJ Staff Report