San Diego Business Journal

Local Unemployment Rate Remains at 9.3 Percent

Monday, March 26, 2012

San Diego’s unemployment rate stayed at 9.3 percent in February, unchanged from January’s revised 9.3 percent, and below the prior year’s February jobless rate of 10.2 percent, according to the March 23 report from the state Employment Development Department.

The region’s rate compared favorably with California’s adjusted unemployment of 10.9 percent, also unchanged from January, and above the national rate of 8.7 percent for February.

San Diego gained a net of 5,400 jobs during the month, increasing the regional workforce to 1.23 million.

The sector showing the largest monthly increases were educational and health services, up by 2,500 jobs; government, up 1,400; and professional and business services, up 1,100.

Only two sectors showed net losses in the month: leisure and hospitality, down 600, and financial activities, down 300.

For the 12 months from February 2011, San Diego had a net gain of 9,000 nonfarm jobs, or 0.7 percent. The three largest contributors were from business and professional services, up 6,200 jobs; educational and health services, up 3,800; and trade, transportation and utilities, up 3,600.

— Mike Allen