Unemployment Rate for  San Luis Obispo County increases in October

The San Luis Obispo County Monthly Employment Report (October 2018) shows an increase in the civilian labor force, an increase in civilian employment, and an increase in civilian unemployment.

Unemployment

The California Employment Development Department (EDD) reported the unemployment rate was 2.8% in October 2018, up from a revised 2.7% in September 2018. SLO County continues to have the 7th lowest Unemployment Rate in California. The unadjusted Unemployment Rate in California is 4.0% and 3.5% for the nation during the same period.

Month-over Job Changes

Five industries reported job gains adding 2,400 jobs to the economy during the month of October 2018. This included Government adding 1,300 jobs. Other Services added 700 jobs. Mining, Logging, & Construction added 200 jobs. Both Trade, Transportation & Utilities and Educational & Heath Services added 100 jobs each.

The Professional & Business ServicesFinancial Activities, Information, Leisure & Hospitality, and Manufacturing industries experienced no change.

Total Farm experienced a loss of 100 jobs.

Overall, employers in San Luis Obispo County gained 2,300 jobs in the past month.

Year-over Job Changes

Between October 2017 and October 2018, five industries experienced year-over gains.

Leisure & Hospitality experienced the most year-over job growth with 1,000 jobs.  Educational & Health Services added 700 jobs. Mining, Logging, & Construction added 500 jobs. Manufacturing added 200 jobs. Financial Activities added 100 jobs.

Other Services and Information experienced no change.

Trade, Transportation & Utilities had a year-over loss of 400 jobs. Government had a year-over loss of 300 jobs. Professional & Business Services had a year-over loss of 200 jobs.

Total Farm experienced no change.

Overall, employers in San Luis Obispo County have added 1,600 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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