San Diego’s Unemployment Rate at 4.6 Percent, Lowest Since 2007
October 20, 2015 | By PRN NewsWire
SAN DIEGO, Oct. 20, 2015 /PRNewswire/ — San Diego’s unemployment rate in September 2015 fell to 4.6 percent, the lowest figure since June 2007, according to monthly statewide data released by the California Employment Development Department (EDD) and analyzed by the San Diego Economic Development Corp (EDC).
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“The September employment report was even better than expected, reflecting the region’s surprisingly robust economic vitality,” said Phil Blair, executive officer of the staffing firm Manpower San Diego. “While last month’s national jobs report was disappointing, hiring levels were just the opposite in San Diego, with outstanding job growth driven by our construction, manufacturing, and technology sectors.”
The region’s 4.6 percent jobless level is 1.5 points lower than a year ago and 0.5 points lower than August 2015.
San Diego’s labor force increased by 22,300 jobs from a year ago, with a decrease in unemployment of 21,900 over the same period, an indicator of increasing employment growth. The region’s private employment growth accounted for 91.5 percent of all employment increases.
Based on the state’s monthly reports, the San Diego Regional EDC conducts its own analysis of the region’s current economic status. The EDC report is presented by Manpower San Diego.
Other key findings
— At 3.5 percent, San Diego’s job growth rate outpaced the national average of 2.1 percent, adding 46,900 jobs from the previous year. — The total private sector grew by 3.8 percent, out-pacing the private U.S. growth rate of 2.4 percent. — From September 2014 to September 2015, the manufacturing industry added 2,500 jobs and grew by 2.6 percent. — The tourism industry picked back up after signs of slowing last month, adding 10,100 jobs and accounting for 23.5 percent of the region’s growth.
About Manpower-West: Owned and operated by Phil Blair and Mel Katz since 1977, Manpower-West ranks as the largest Manpower franchise in the U.S., with 3,800 associates working every day in San Diego, Nevada, New Mexico, Washington, and Hawaii. The agency is affiliated with Manpower Group, a global leader in employment services, creating and delivering services that enable job seekers and employers to thrive in the ever-changing world of work. (Website: manpower-sd.com)
About San Diego Regional Economic Development Corporation San Diego Regional Economic Development Corporation’s (EDC’s) mission is to maximize the region’s economic prosperity and global competitiveness. As an independently funded non-profit fueled by more than 160 companies and organizations, EDC works to attract, retain and expand companies and the talent pool across the region’s three traded economies: military, tourism and innovation. (Website: sandiegobusiness.org)
Manpower-West contact:
Phil Blair Manpower San Diego 619-733-9901 Email
Media contact:
John Freeman Point Communications 619-274-2779 Email
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/san-diegos-unemployment-rate-at-46-percent-lowest-since-2007-300162679.html
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Web site: http://www.manpower-sd.com/
