September 23, 2020

In tentatively good news, the state’s unemployment rate was 11.6%, the lowest it’s been since April at the height of pandemic-related closures. According to the same monthly report, San Diego claimed 9.9% unemployment. While these numbers demonstrate some economic resilience in the state and especially recently, many are quick to warn that these positive trends in lower unemployment may not be here to stay. Factors including state-directed closures and restrictions on business will immediately impact hiring, as well the fate of federal stimulus packages which look less likely for our most in-need industries including tourism.