San Diego’s unemployment rate rose to 10.5 percent in October, up from September’s revised rate of 10.4 percent, and the prior year’s October rate of 6.7 percent, according to a Nov. 20 report from the state Employment Development Department.
San Diego’s jobless rate continued to fall below the state’s rate in October of 12.3 percent but above the national rate for the same month of 9.5 percent.
During the prior month, the San Diego area lost about 8,100 nonfarm jobs, to bring the net job loss for the 10 months to 52,200, according to the EDD.
The biggest losses were incurred in the area’s hotel and tourism industry, which shed 3,600 jobs during the months the summer season concluded.
Two other segments — construction as well as trade, transportation and utilities (which includes retail trade) shrunk by 700 jobs each, the report found.
On the plus side, professional and business services increased by 2,000 jobs, with the largest gain found in the professional, scientific and technical subcategory, which jumped by about 900 jobs.
The government sector, which includes teachers and other workers at school districts, had the largest overall increase for the month, gaining by 9,300. About 5,400 of that number came from education, while the remainder was attributed to mainly state and other government related jobs.
Over the full year, the categories that have sustained the greatest job losses are trade, transportation and utilities, down 11,600; professional and business services, down 10,800; construction, down 9,700; leisure and hospitality, down 8,600; and manufacturing, down 8,000.
— Mike Allen
Source:http://www.sdbj.com/industry_article.asp?aID=142654
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