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SD unemployment rate down to 4.8 percent

County gained 40,900 jobs from a year ago

The San Diego County employment rate was 4.8 percent in April, down from 5.1 percent in March and below the 6.1 percent of a year earlier.

Between March and April, the number of nonfarm jobs went up 4900. Finance and insurance jobs went up 800, as did leisure and hospitality jobs. Manufacturing rose by 400 jobs.

The county gained 40,900 jobs from a year ago. Professional and business services added 11,900 jobs.

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The San Diego County employment rate was 4.8 percent in April, down from 5.1 percent in March and below the 6.1 percent of a year earlier.

Between March and April, the number of nonfarm jobs went up 4900. Finance and insurance jobs went up 800, as did leisure and hospitality jobs. Manufacturing rose by 400 jobs.

The county gained 40,900 jobs from a year ago. Professional and business services added 11,900 jobs.

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Comments
17

How many of these jobs were full time with benefits? In Orange County you have to make $36 an hour to rent an apartment. I bet the average rent in San Diego is not far off that. Maybe Walmart and the other low wage low benefit employers could build housing for their workers.

May 23, 2015

Some of these were temp jobs: people hired to go out and count all the homeless people in San Diego!

May 23, 2015

dwbat: Be wary of unemployment figures. They don't even tell half the story. The big story is that mid-level incomes have been declining, inflation-adjusted, for some time while incomes of those in the upper 1 percent and particularly the upper one-tenth of 1 percent have been soaring.

San Diego's median household income is 19 percent higher than the nation's. But the cost of living is 35 percent higher, according to local economist Kelly Cunningham. Best, Don Bauder

May 23, 2015

AlexClarke: We don't know how many of the jobs were full-time with benefits. Unemployment data do not capture that. You make a very good point. According to Zillow.com, the median monthly rents are a whopping $2330, up by 5.1 percent over the last year. Of 34 major metro areas, only three have higher rents: L.A. $2,498; San Francisco $3,162, and San Jose $3,287. San Jose rents shot up 12.9 percent in the last year.

And yet the San Diego business community opposes a rise in the minimum wage. Best, Don Bauder

May 23, 2015

Well Don opposing a minimum wage is good for the bottom line as is owning wage slaves as opposed to conventional slaves.

As AlexClarke points out, wage slaves don't get housing provided .....

America, where unregulated capitalism makes slaves of us all. If only our elected officials were looking our for our interest instead of collecting "free speech" for re-election.

May 23, 2015

Walmart is today's version of the old plantations.

May 23, 2015

dwbat: You are absolutely right on that. People who buy at Walmart stores are not saving what they think they are saving. Employees are paid so little, and restrained from getting second jobs, that they have to tap the welfare system. The company even teaches them how to take advantage of federal programs. Those programs cost you and me tax money. So you are not saving so much shopping there. Best, Don Bauder

May 23, 2015

don bauder, Please explain your premise. I pay the same amount of taxes if I don't shop at Walmart.

May 23, 2015

danfogel: Part of your federal taxes goes to supporting Wal-Mart employees who are paid so little, and prevented from getting other jobs, that they have to get federal transfer payments, or welfare.

Wal-Mart helps them fill out forms for aid. Your and my taxes support this welfare for Wal-Mart employees. Best, Don Bauder

May 23, 2015

We're not getting other things from government (or a tax reduction) in proportion to the allocations that have to go to the Walmart employees. Simple as that. Well, not quite, but close enough.

May 24, 2015

Michael Valentine: The distribution of wealth and income is obscene. It should lead to massive protests. But the last one, Occupy, was brutally shut down by local cops using military equipment provided by the federal government. Best, Don Bauder

May 23, 2015

The Geni Index, a commonly used measure of income inequality, has been rising since about 1980

None

May 23, 2015

ImJustABill: I had a column on the Gini Coefficient several years ago. At that time, San Diego's Gini Coefficient was somewhat less tilted toward the rich than other metro area indexes. Best, Don Bauder

May 23, 2015

Looks like the Gini is now out of the bottle! ;-)

May 24, 2015

dwbat: I never even thought of that when I was doing the column. Congratulations. Best, Don Bauder

May 24, 2015

Just to be clear I am a capitalist. I believe that by boss should make more than me and that the business owner should make a profit. What the problem is as I see it is that "back in the day" businesses shared their success with their employees. Today as then the employees always share in the losses in the form of reduced wages or layoffs but today they do not share in the successes. Many businesses pay low wages and low/no benefits and expect the employee to apply for and receive taxpayer paid welfare benefits. Why should the taxpayer augment the bottom line of any for profit company by paying welfare benefits to that companies employees? There is nothing wrong with an entry or starting wage where the employer takes on someone and trains them but to have a minimum poverty wage as the wage rate for your employees is flat wrong. Many say that minimum wage workers are not worth more. Really? How about a hotel that relies on immigrant low wage labor? If you think that a hotel maid is not worth much try doing that job. There is no such thing as a no skill job. I want the rich to be rich but not at the expense of their workers and the taxpayers.

May 24, 2015

AlexClarke: I believe in capitalism, too, but we have to go back to the model of the 1950s and1960s. Back then, corporations figured that they had a number of constituencies: employees, communities, vendors, and shareholders, for example.

In the 1980s, the mentality -- inculcated in the law -- became the notion that the shareholder is the only constituency. This led to the massive outflow of jobs to low- and slave-wage nations so companies could jack up their stocks, permitting top managements to rake in unconscionable compensation while employees suffered.

This also led to an increase in fraud, as companies only cared about the price of the stock. This led to much accounting hanky-panky.

Back then, top managements actually believed that their job was to build a successful company, and the price of the stock would take care of itself. Now we have a surfeit of Potemkin Village companies -- created by financial engineering. Best, Don Bauder

May 24, 2015

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