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San Diego County's unemployment rate was 10.4% in August, unchanged from a revised 10.4% July. Originally, July was reported at 10.3%. San Diego's 10.4% compares with 12.1 for California and 9.6% for the U.S. Consumer spending continues to be weak with one exception: locals seem to be drowning their sorrows, maintaining their spending in drinking places. Retail jobs were down 0.4% from July and down 5.9% from a year earlier. Jobs at sporting goods, book and hobby stores were down 10.8% from a year ago and clothing stores employment was down 5.6%. But spending in food services and drinking places rose 2.6% from July, the best performance. It's down only 3.3% from a year ago. All told, the county gained 1,400 jobs from July but lost 55,600 from August of 2008.

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Comments

SurfPuppy619 Sept. 18, 2009 @ 3:56 p.m.

Hey, didn't you hear, Ben Bernanke declared the depression over.

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Don Bauder Sept. 18, 2009 @ 7:42 p.m.

Response to post #1: The National Bureau of Economic Research, not Bernanke, calls the shots on the beginnings and endings of recessions. Even if there is economic growth in this year's third and fourth quarters, the NBER may not say the recession is over. In 2008, it declared that the recession started in late 2007 even though there were intervening quarters of positive growth before the bottom fell out later in 2008. Best, Don Bauder

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