San Diego unemployment rate reaches 3.9% during July

SAN DIEGO, CA – Unemployment in the city of San Diego during July 2023 increased by at least 0.8%, compared to the same period but in 2022, however, the seasonally adjusted rate remained below what was reached in June of this year, according to data from the California Employment Development Department (EDD).

The city showed an unemployment rate of 3.9%, contrasting with the 3.1% achieved in July 2022. During the seventh month of 2023, the border city reached a labor force of 1,599,100 people. Of the total labor force, 1,536,300 were employed, while 62,800 were looking for a job.

A year ago, San Diego had a labor force of 1,576,600 people, of which 1,527,700 had a job, while 48,900 were looking for a job.

During the month of June of this year, unemployment in the city of San Diego, California registered a seasonally adjusted unemployment rate of 4.0%, as reported by the Employment Development Department (EDD).

According to figures presented by the EDD, in June of this year, the Californian city registered a population of 1,592,300 people in its labor force, of which, 1,592,100 were working, while 63,200 were looking for a job.

California’s unemployment rate remained at 4.6 percent, unchanged from June 2023, at the same time that the state’s employers added 27,900 nonfarm payroll jobs to the economy, according to data released by EDD. June’s nonfarm employment total was updated to reflect 1,700 fewer jobs.

California has gained 3 million 198,100 jobs, an average monthly increase of 82,003 since the current economic expansion began in April 2020.

California’s nonfarm job gain in July comprises 14.9 percent of the 187 thousand job increase nationally, outpacing the statewide 11.6 percent of the nation’s total. Seven of the state’s eleven industries gained jobs in July, with the government sector, with more than 15,000 jobs, showing the largest increase.

Private education and health services gained more than 10,800 jobs, registering a positive increase thanks to health care and social assistance. The increase in the recreation and hospitality industry, with more than 10,300 positions, was mostly due to restaurants and other places to eat. This industry, the hardest hit during the pandemic, has fully recovered from its low point of 1,062,000 jobs in April 2020.

Professional and business services posted the largest full-month job decline, with 11,400 jobs lost, mainly due to vulnerability in the service sector, EDD reported.