San Diego reached an unemployment rate of 3.0%

SAN DIEGO – The city of San Diego reached a seasonally adjusted annualized rate of 3.0% during December 2021, according to the California Employment Development Department (EDD).

According to its most recent report, the border city reached a labor force of 1,554,500 people, of which 1,488,800 had a job, while 17,200 were looking for work.

Statewide, California’s unemployment rate dropped half a percentage point from November 2021 to 6.5 percent in December, as the state’s employers added 50,700 nonfarm jobs to the economy, according to EDD.

Since February 2021, California has added 1,034,400 total nonfarm jobs, an average gain of 94,036 jobs per month during that time period.

Also, EDD reported that California has seen a record six percent annual gain in nonfarm jobs for 2021, which is the largest calendar year increase in official series data going back to 1990.

California’s December 2021 increase of 50,700 nonfarm jobs in December 2021 accounted for nearly 25.5 percent of the nation’s overall 199,000 increase in job openings for the month of December. The state has now recovered 1,946,200, or nearly 72%, of the 2,714,800 jobs lost between March and April 2020 due to the Covid-19 pandemic.

On a year-over-year basis, total nonfarm jobs increased by 954,400, representing a 6.0% increase from December 2020 to December 2021, compared to the U.S. annual increase of 6 million 448 thousand jobs, a 4.5% increase.

EDD indicated that the number of Californians employed in December was 17 million 836 thousand 800, an increase of 116 thousand 900 people from the November total of 17 million 719 thousand 900, and an increase of 879 thousand 800 from the December 2020 job total.

On the other hand, the number of unemployed Californians was 1,238,000 in December, a decrease of 86,800 for the month and 510,500 compared to the same month but 2020.

Source: MEXICONOW Staff