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The Big Picture San Diego Blog


Economic Pulse

April 19, 2019

Each month the California Employment Development Department (EDD) releases employment data for the prior month. This edition of San Diego's Economic Pulse covers March 2019. Check out EDC's research bureau for more data and stats about San Diego's economy. 

This report is sponsored by Manpower San Diego.

Highlights include:

  • The region’s unemployment rate was 3.7 percent in March, up from a revised 3.5 percent in February, and up from the year-ago estimate of 3.4 percent.
  • San Diego’s unemployment rate remains below both the state rate of 4.6 percent and the national rate of 3.9 percent.
  • The labor force contracted by 8,000 workers over the month, but is currently up 15,100 compared to a year ago.
  • Total nonfarm employment is up 4,300 in March and up 20,100 over the year.
  • The largest employment gain over the year occurred in educational and healthcare services, which added 7,700 jobs.

 

March 22, 2019

Each month the California Employment Development Department (EDD) releases employment data for the prior month. This edition of San Diego's Economic Pulse covers February 2019. Check out EDC's research bureau for more data and stats about San Diego's economy. 

Thank you to Manpower San Diego for making this possible.

Highlights include:

·         The region’s unemployment rate was 3.5 percent in February, down from a revised 3.8 percent in January, and unchanged from the year-ago estimate of 3.5 percent.

·         San Diego’s unemployment rate remains below both the state rate of 4.4 percent and the national rate of 4.1 percent.

·         The labor force grew by 3,700 workers during the month and is now up 24,600 compared to a year ago.

·         Total nonfarm employment is up 9,700 in February and up 19,900 over the year.

·         The largest employment gain over the year occurred in educational and healthcare services, which added 6,900 jobs. 

January 18, 2019

Each month the California Employment Development Department (EDD) releases employment data for the prior month. This edition of San Diego's Economic Pulse covers December 2018. Check out EDC's research bureau for more data and stats about San Diego's economy. 

Highlights include:

  • The region’s unemployment rate was 3.2 percent in December, unchanged from a revised 3.2 percent in November, and below the year-ago estimate of 3.3 percent.
  • San Diego’s unemployment rate remains below both the state rate of 4.1 percent and the national rate of 3.7 percent.
  • The labor force shrunk by 3,000 workers during the month and is now up 37,100 compared to a year ago.
  • Total nonfarm employment is down 900 in December and up 28,400 over the year.
  • The largest employment gain over the year occurred in professional and business services, which added 12,600 jobs. Professional, scientific, and technical services were responsible for 46 percent of the increase – up 5,800 jobs.

 

San Diego's Economic Pulse - January 2019 from San Diego Regional EDC on Vimeo.

November 16, 2018

Each month the California Employment Development Department (EDD) releases employment data for the prior month. This edition of San Diego's Economic Pulse covers October 2018. Check out EDC's research bureau for more data & stats about San Diego's economy. 

October highlights:

  • The region’s unemployment rate was 3.3 percent in October, up from a revised 3.2 percent in September, and below the year-ago estimate of 3.6 percent.
  • San Diego’s unemployment rate remains below both the state rate of 4.0 percent and the national rate of 3.5 percent.
  • The labor force grew by 9,100 workers during the month and is now up 25,300 compared to a year ago.
  • Total nonfarm employment is up 10,700 in October and up 26,000 over the year.
  • The largest employment gain over the year occurred in professional and business services, which added 16,400 jobs. Professional, scientific, and technical services were responsible for 60 percent of the increase – up 9,700 jobs.


September 21, 2018

San Diego’s Economic Pulse uses data to tell a story about our regional economy. This issue covers data from August 2018. Check out EDC's research bureau for more data & stats about San Diego's economy. 

Monthly Employment Change by Sector
 

 

 


 

June 15, 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 May 2018 data, including unemployment, new business establishments, and job postings.

Highlights include:

  • The region’s unemployment rate was 2.9 percent in May, unchanged from April’s revised rate, and 0.8 percentage points lower than a year ago – the lowest since January 2000.
  • The majority of jurisdictions saw a decrease in unemployment rate from the month prior. Only National City saw its unemployment rate rise, an increase of 0.1 percentage points to 4.0 percent.
  • The labor force grew slightly, adding 900 workers during the month, up 0.1 percent. The labor force is now up 4,300 compared to a year ago, or 0.3 percent.
  • The largest increases came from leisure and hospitality, which added 2,100 jobs. Education and health services saw the only employment declines of any industry group, contracting by 300 jobs.


Read the Economic Pulse here.

May 18, 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 April data, including unemployment, new business establishments, and job postings.

Highlights include:

  • The region’s unemployment rate was 2.9 percent in April, down 0.3 percentage points from March’s revised rate of 3.2 percent, and 1.0 percentage point lower than a year ago.
  • Every jurisdiction saw a decrease in the unemployment rate from the month prior.
  • The labor force contracted slightly, shedding 5,900 workers during the month; the seventh decline of the past 12 months. The labor force is now down 1,800 compared to a year ago.
  • Total nonfarm employment increased by 14,100, or 1.0 percent, in April. Compared to year ago, total nonfarm employment is now up 32,100, or 2.2 percent
  • Get the details in the full Economic Pulse here.

March 23, 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 February 2018 data, including unemployment, new business establishments, and job postings.
 
Highlights include:
  • The region’s unemployment rate was 3.5 percent in February, down 0.1 percentage points from last month, and 0.7 percentage points lower than a year ago.
  • Most jurisdictions saw an increase in the unemployment rate from the month prior. However, five did see a small decrease, while one remained unchanged. 
  • The labor force grew again after two months of consecutive declines, adding 11,700 workers during the month. The labor force is now up 28,300 compared to a year ago.
  • Year-over-year, wholesale trade growth outpaced all other key sectors, up 9.4 percent.
 
Read the full Economic Pulse here.
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.
December 22, 2017

Each month the California Employment Development Department (EDD) releases industry data for the prior month. This edition of San Diego’s Economic Pulse covers November 2017 data, including unemployment, new business establishments and job postings.

Highlights include:

  • The region’s unemployment rate fell to 3.3 percent in November, from a revised 3.7 percent in October. The unemployment rate is a full percentage point below the November 2016 rate of 4.3 percent, and the lowest since December 2000.
  • Every jurisdiction saw a decline in its unemployment rate in November. El Cajon and Imperial Beach saw the largest declines, both dropping 0.7 percent.
  • The labor force added 4,800 workers in November, after shedding a similar number in October. The labor force is up 8,600 compared to a year ago.
  • Year-over-year, real estate, rental and leasing growth outpaced all other key sectors, up 5.5 percent.

Read San Diego’s Economic Pulse here.