San Diego Business Journal

San Diego’s Unemployment Rate Falls To 6.7% In May

Monday, June 24, 2013

San Diego’s unemployment rate fell to 6.7 percent in May, down from 7 percent in April, and below the year ago jobless rate of 8.8 percent, according to the state’s Employment Development Department.

The county’s unemployment rate was below the state’s seasonally adjusted rate of 8.6 percent and that of the nation, at 7.3 percent for May.

During the past month, the region added a net of 6,000 nonfarm jobs with the majority, or 3,300, of those coming from the leisure and hospitality sector as it gears up for the summer season.

Six other sectors showed net job gains, led by the group that includes retail trade, with 1,200; and financial activities with 1,000.

Three sectors showed net job losses for the month, led by educational and health services, at 500, and information, at 200.

Over the 12 months from May 2012, the region’s nonfarm employment showed a net gain of 20,300 jobs, up 1.6 percent. The sector that had the largest increase over that period was professional and business services, up by 5,600 jobs. That total includes administrative and support services, which added 3,400 jobs.

Two other sectors each increased by 4,800 jobs over the year: leisure and hospitality and educational and health services.

Two nonfarm sectors had net losses: construction, down 400 jobs, and manufacturing, down 100.

— SDBJ Staff Report