San Diego Business Journal

San Diego Unemployment Rate Decreased to 7 Percent in April

Monday, May 20, 2013

San Diego’s unemployment rate decreased to 7 percent in April, down from 7.7 percent in March, and below the 8.6 percent it was in April 2012, according to the latest report from the state’s Employment Development Department.

The region hasn’t been that low since November 2008 when the jobless rate was 6.9 percent.

California’s adjusted jobless rate for April was 9 percent, while for the nation, it was 7.1 percent.

Over the last month, the region showed a gain of 2,800 jobs. The segment contributing the most to the gains was leisure and hospitality, which added 2,400 jobs.

Three other sectors added jobs: the group that includes retail, up 2,300; other services, up 400; and financial activities, up 300.

Four sectors showed job contraction during the past month, including professional and business services, down 2,000, and education and health services, down 400. Two others shed a total of 200 jobs.

For the 12 months dating back to April 2012, the region has had a net gain of 25,100 jobs, or 2 percent. The biggest contributors to the gain came in professional and business services and education and health services, each of which added 6,300 jobs.

Except for farming, which had a net loss of 100 jobs, and mining, which was flat, every job segment gained jobs during the past year, the EDD said.

— SDBJ Staff Report