Unemployment Rate for San Luis Obispo County continues to drop!
The San Luis Obispo County Monthly Employment Report (April 2018) shows a decrease in the civilian labor force, a decrease in the employment, and a decrease in the unemployment rate.
The California Employment Development Department (EDD) reported the unemployment rate was 2.6% in April 2018, down from a revised 2.9% in March 2018. SLO County has the 6th lowest Unemployment Rate in California. The unadjusted Unemployment Rate in California is 3.8% and 3.7% for the nation during the same period.
Month-over Job Changes
Seven sectors reported job gains adding 1,500 jobs to the economy during the month of April 2018. This included Mining, Logging, & Construction, Manufacturing, Trade, Transportation & Utilities, Professional & Business Services, Educational & Health Services, Leisure & Hospitality, Government, and Other Services.
The Information and Financial Activities experienced no change. Total Farm experienced a loss of 100 jobs.
Overall, employers in San Luis Obispo County have added 1,400 jobs in the past month.
Year-over Job Changes
Between April 2017 and April 2018, eight sectors experienced year-over gains. Other Services experienced the most year-over growth of 600 jobs, while Educational & Health Services added 500 jobs, and Mining, Logging, & Construction, and Manufacturing each added 400 jobs.
Financial Activities experienced no year-over change. While Trade, Transportation & Utilities had a year-over loss of 600 jobs. Overall, employers in San Luis Obispo County have added 1,900 jobs in the past year.
This report is written by the San Luis Obispo County Workforce Development Board. For more labor market information, visit SLOworkforce.com/LMI
Data Source: http://www.labormarketinfo.edd.ca.gov/