San Diego Business Journal

Local Unemployment Rate Is 7% for October

Tuesday, November 26, 2013

San Diego’s unemployment rate for October was 7 percent, unchanged from September and matching the nation’s overall jobless rate for the same month, according to the state’s Employment Development Department.

California’s seasonally adjusted jobless rate in October was 8.7 percent, the same as in September.

Over the 12 months, San Diego’s unemployment rate has fallen from 8.6 percent, although the net job growth over this period was only 23,000, up 1.8 percent.

During October, San Diego added a net of 10,800 jobs, to bring total employment in the region to 1.29 million.

The biggest sector contributing to last month’s increase was government, which showed a net gain of 6,400 jobs. The bulk of that gain came from 4,300 educators and assistants returning to schools.

The next largest gains came from 2,600 jobs added in retail trade, while educational and health services added 2,100 jobs.

The leisure and hospitality sector declined by 1,800 jobs in October, but that sector was up by 7,000 jobs over the 12 months, and was the largest contributor to the annual net gain.

For the 12 months, each of the job sectors was up except for manufacturing, down 2,200; and information and financial activities, each down by 200 jobs.

— SDBJ Staff Report