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San Diego
Tuesday, Jun 25, 2024
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Unemployment Dips Again

San Diego’s unemployment rate hit another new low, reaching 2.7 percent in November, two-tenths of a percent below October’s previous all-time low, according to the most recent Employment Development Department report.

The local jobless rate compared favorably to the 4.6 percent for the entire state, and 3.8 percent for the nation during the same month.

Helping reduce the rate was the addition of 6,500 jobs during the month, including some 4,500 retail jobs added for the Christmas shopping season. The government industry expanded by 1,300 jobs as the remaining support staff returned to public schools.

Other divisions showing increased employment were transportation and public utilities, up 500 jobs; and manufacturing, up 200 jobs.

Total nonfarm employment for San Diego was 1,137,800. Compared with November of last year, the total was up by 16,500 jobs, a growth rate of 1.5 percent. The bulk of the growth was in the services industry, which produced 6,900 jobs.

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