San Diego Business Journal

Unemployment Rate Remains at 7% for February

By Mike Allen Sunday, March 23, 2014

San Diego’s unemployment rate was 7 percent in February, equaling January’s rate, despite gaining 9,500 jobs during the month, indicating that more people are returning to the workforce.

The local rate compares with California's 8 percent seasonally adjusted rate, and to the national jobless rate of 7 percent. In February 2013, the local jobless rate was 8.1 percent.

Professional and business services contributed the most to the net gain in jobs last month, adding 3,200, with nearly all of those coming in the sub-segment called professional, scientific and technical services.

Six other nonfarm sectors added jobs in the month, led by educational and health services, up 3,000; government, up 2,200; and leisure and hospitality, up 1,300.

Three sectors sustained net losses in the month led by construction, down 1,100; trade, transportation and utilities, down 500; and financial services, down 200.

Over the full 12 months to February 2013, the region gained a net 27,700 jobs, or 2.1 percent. Professional and business services contributed the most, 6,700 jobs. Seven other sectors added jobs, led by three with more than 4,000 job gains: leisure and hospitality, up 4,800; educational and health services, up 4,700; and construction, up 4,300.