April 21, 2017
“Unemployment rates are stabilizing across the region, as jobs are being filled more quickly and new businesses are coming online at the fastest rate we’ve seen in a year. Some of our biggest and best paying employers are those who are looking to hire right now.” - Phil Blair, President and CEO, Manpower
Each month the California Employment Development Department (EDD) releases unemployment data for the prior month. This edition of San Diego’s Economic Pulse
covers March data, including unemployment data, new business establishments, job postings and who’s hiring in San Diego.
With a total of 4,601 new establishments, March saw the largest number of new establishments in the past 12 months.
San Diego’s unemployment rate of 4.2 continues to be lower than both the California rate of 5.1 percent and the national rate of 4.6 percent.
Compared to a year ago, total nonfarm employment is up 29,600, or 2.1 percent, with 22,900 of those jobs coming from the private sector.
March 3, 2017
Understanding our economy begins with strong data. Lucky for us, Feb/March means lots of it.
A little about the research products released this week:
Quarterly Economic Snapshot: February
Every quarter, San Diego Regional EDC analyzes key economic indicators that are important to understanding the region's standing relative to the 25 most populous metropolitan areas in the U.S. The Economic Snapshot covers data from October to December 2016 (Q4), the most recent quarter available, in regard to employment, real estate and venture capital.
Release time: Data from the previous quarter is available at the end of the second month of the current quarter (e.g. data from Q4 2016 is released late Feb. 2017; data from Q12017 will be released late May 2017)
San Diego's Economic Pulse: March
Monthly, the California Employment Development Department releases countywide employment and unemployment data. However, we know unemployment is only a small sliver of understanding our economy. EDC supplements this report by adding information on who's hiring, business establisments and job postings.
Release time: The California Employment Development Department typically releases the previous months data on the third Friday of every month (e.g. Data from April 2017 will be release on May 19, 2017). However, the first few months of the year are on a revised schedule, as January is subjected to seasonal changes as some service sectors wind down from the holidays and other data is being adjusted from the previous year. Therefore, January's data was released on March 3, 2017.
January 20, 2017
Understanding our economy begins with strong data – it’s a phrase people hear us say a lot at San Diego Regional EDC, and for good reason.
Unemployment data, while important, only gives us a piece of the puzzle and many people are still curious as to how it all relates to them...as a business…as a job seeker…and as a San Diego resident.
As we kick off 2017, we want to provide comprehensive research that tells a story about our economy. San Diego's Economic Pulse, our new research product launching today, is our way of doing that. In addition to tracking unemployment, we will also be keeping tabs on new business establishments, job postings and looking at who’s hiring in San Diego.
This research wouldn’t be possible without the generous support of EDC board officer Phil Blair and Manpower San Diego
Throughout the year, you will continue to see changes in the way we present our research and talk about data. We would love to hear your thoughts. Join the conversation at @SDregionalEDC or send an email to firstname.lastname@example.org.