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The Big Picture San Diego Blog


October Economic Snapshot: a summary of the San Diego regional economy

October 9, 2014

Every quarter, San Diego Regional EDC analyzes key economic metrics that are important to understanding the regional economy and San Diego’s standing relative to other major metropolitan areas in the U.S.

This issue covers data from April 2014 - July 2014.

  • San Diego County’s July 2014 unemployment rate was down 1.4 percentage points from July 2013.
  • Private employment in San Diego grew by more than 3.2 percent from July 2013 to July 2014.
  • The region added 36,400 jobs since last July - 35,400 of which came from the private sector.
  • San Diego has the highest percentage of bachelor’s degree holders with a STEM degree among major regional peers.
  • 2014 year-to-date net absorption of industrial real estate is the best mid-year performance since 2008.
  • July’s 2.02 percent foreclosure rate marks the lowest rate in San Diegosince July 2006, making it an eight-year low for the region.
  • Biotechnology companies continued to receive larger sums in 2014, with two-thirds of all activity going toward Biotech in Q2.

Check out the complete Economic Snapshot here...

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