July 27, 2022
At only 3.2%, San Diego’s unemployment rate is lower than both the state and federal unemployment numbers. California currently stands at 4.2% and the country as a whole stands around 3.6%. Overall unemployment rose slightly, with San Diego’s lowest unemployment coming in at around 2.7% in May. The increase in unemployment comes from the loss of educational work, both teaching and administrative, due to summer break. With this in mind, the adjusted unemployment rate accounting for temporary job loss is closer to 2.9% overall. Industries in San Diego, particularly business services, tourism, and government, have all seen growth in recent months, with tourism and hospitality adding 32,500 jobs to the local market.