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The Big Picture San Diego Blog


San Diego's Economic Pulse - January 2018

January 19, 2018

Each month the California Employment Development Department (EDD) releases industry data for the prior month. This edition of San Diego’s Economic Pulse covers December 2017 data, including unemployment, new business establishments and job postings.
 
Highlights include:
  • The region’s unemployment rate was 3.3 percent in December, unchanged from November. The unemployment rate is nearly one full percentage point below the December 2016 rate of 4.1 percent, and the lowest since December 2000.
  • Most jurisdictions saw no change in their unemployment rates from the month prior. However, four jurisdictions did see small increases of 0.1 percent.
  • The labor force shed 7,700 workers in December, after adding 4,800 workers in November. The month’s decline effectively halved the year’s gain, which ended up 7,800.
  • Year-over-year, construction growth outpaced all other key sectors, up 4.3 percent.
 
Read the full Economic Pulse here.