Unemployment Rate for  San Luis Obispo County increases in June

The San Luis Obispo County Monthly Employment Report (June 2018) shows an increase in the civilian labor force, an increase in civilian employment, and an increase in civilian unemployment. The unemployment rate went up because 1,300 more people joined the labor force last month.

Unemployment

The California Employment Development Department (EDD) reported the unemployment rate was 3.3% in June 2018, up from a revised 2.5% in May 2018. SLO County has the 7th lowest Unemployment Rate in California. The unadjusted Unemployment Rate in California is 4.5% and 4.2% for the nation during the same period.

Month-over Job Changes

Four sectors reported job gains adding 1,500 jobs to the economy during the month of June 2018. This included Leisure & Hospitality adding 900 jobs, Government adding 300 jobs, Educational & Health Services adding 200 jobs, and Mining, Logging, & Construction adding 100 jobs.

The Information, Financial Activities, and Professional & Business Services industries experienced no change.

Total Farm experienced a gain of 300 jobs.

Manufacturing, Trade, Transportation, & Utilities, and Other Services experienced a total job loss of 700 jobs.

Overall, employers in San Luis Obispo County have added 1,100 jobs in the past month.

Year-over Job Changes

Between June 2017 and June 2018, seven sectors experienced year-over gains. Educational & Health Services, Leisure & Hospitality, and Government experienced the most year-over growth of 700 jobs each. While Other Services added 200 jobs, Manufacturing added 200 jobs, Mining, Logging, and Construction added 100 jobs and Information added 100 jobs.

While Trade, Transportation & Utilities had a year-over loss of 300 jobs, Professional & Business Services had a year-over loss of 200 jobs, and Financial Activities had a year-over loss of 100 jobs, and Total Farm lost 200 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/

 

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