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Local unemployment rate drops sharply

Government jobs pick up

The San Diego County unemployment rate was 5.3 percent in February, down from a revised 5.8 percent in January and 7.1 percent a year earlier. Non-farm jobs rose 6200 during the month.

The big gainer was government employment, up 2600. Local government, propelled in part by seasonal factors, accounted for 1600 of those jobs.

February jobs were up 39,700, or 3 percent, from a year earlier. Local January figures were reported March 10, much later than normal, because of Department of Labor database changes.

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What is the U6 rate for San Diego?? That is a much more realistic view.

March 20, 2015

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San Diego unemployment rate over the past year
San Diego unemployment rate over the past year

source: Employment Development Department

The San Diego County unemployment rate was 5.3 percent in February, down from a revised 5.8 percent in January and 7.1 percent a year earlier. Non-farm jobs rose 6200 during the month.

The big gainer was government employment, up 2600. Local government, propelled in part by seasonal factors, accounted for 1600 of those jobs.

February jobs were up 39,700, or 3 percent, from a year earlier. Local January figures were reported March 10, much later than normal, because of Department of Labor database changes.

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What is the U6 rate for San Diego?? That is a much more realistic view.

March 20, 2015

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