SAN DIEGO, CA – Unemployment in the city of San Diego, California showed a slight increase during the month of October, registering an annualized unemployment rate of 3.2%, according to the Employment Development Department (EDD).
According to its most recent report, the border city reached a labor force of 1,578,900 people in October, compared to 1,584,800 workers in September of this year. Of the total labor force in the tenth month, 1,529,100 citizens had jobs, while 48,800 were looking for one.
The number of unemployed in San Diego increased during October, registering 1,200 more people than those counted in September.
California’s unemployment rate increased in the month of October 2022 to 4.0%, despite the fact that the state’s employers added 56,700 non-farm jobs to the economy, according to data released by EDD.
In addition, the state has completed its recovery from the large job loss during the Covid-19 pandemic, the report notes.
The September 2022 unemployment rate was revised downward to 3.8%, which became the lowest ever recorded in California in a data set dating back to 1976.
The state has not only recovered all of the 2,758,900 nonfarm jobs lost during March and April 2020 due to the Covid-19 pandemic, but has surpassed them with an increase of 2,789,700 (101.1 percent) nonfarm jobs since then.
October 2022 marked the 13th consecutive month of nonfarm employment gains for a total increase of 768,100 jobs over that time period and a monthly average of 59,085 jobs.
Eight of California’s 11 industry sectors increased jobs in October, with Education and Health Services (+16 thousand 800) showing the largest monthly gains thanks to above-average increases in Ambulatory Care Services, Nursing Care Facilities, and Individual and Family Services.
Professional and Business Services (+16 thousand 400) also posted strong growth thanks in part to above-average increases in Bookkeeping and Tax Preparation and Accounting Services.
General Government (-8 thousand 700) again led job losses, with a third consecutive decline in State Government and the second consecutive month of declines in Local Government.