SAN DIEGO, CA – Unemployment in the city of San Diego, California showed no significant change during the month of March 2023 by maintaining an unchanged annualized rate of 3.7%, the Employment Development Department (EDD) reported.
The city remained with an unemployment rate equal to that recorded in January and February 2023. During the second month of the year, the border city reached a labor force of 1,610,800 people. Of the total labor force, 1,551,000 people were employed, while 59,800 were looking for a job.
According to EDD figures, during the month of March, San Diego had a labor force of 1,620,200 people, of which 1,560,800 were formally employed, while 59,800 were looking for a job.
California’s unemployment rate held steady as of February 2023 and remained at 4.4 percent for March 2023, as the state’s employers added 8,700 nonfarm jobs to the economy, according to data released by EDD.
The initial February 2023 estimate of a 4.3 percent unemployment rate was revised upward by one-tenth of a percentage point due to an increase in unemployment.
Since the current economic expansion began in April 2020, California has gained 3,049,800 jobs, which equates to a monthly average of 84,717 jobs gained during that time.
Six of California’s eleven industry sectors gained jobs in March with Private Education and Health Services leading the way with an increase of over 7 thousand jobs, primarily in Dentists’ Offices, Home Health Care Services and Hospitals.
Public Administration added more than 6 thousand 900 jobs, registering the second largest month-over-month increase, as jobs were created in all three of its subsectors, with Local Public Education seeing the largest increase.
Construction suffered the largest month-over-month decline in employment as it recorded the loss of 8,200 jobs, with a large portion of these losses occurring in the skilled trades contractors and building construction subsectors.
Other losses occurred in highway, street and bridge construction and residential building construction, among others. EDD indicated that extreme weather and flooding likely played a role in the month-over-month decline in the sector, as atmospheric rivers battered the state during the survey week.