SLO County Labor Market Report November 2018

Unemployment Rate for  San Luis Obispo County decreases in November

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

Unemployment

The California Employment Development Department (EDD) reported the unemployment rate was 2.7% in November 2018, down from a revised 2.8% in October 2018. SLO County now has the 6th lowest Unemployment Rate in California. The unadjusted Unemployment Rate in California is 3.9% and 3.5% for the nation during the same period.

Month-over Job Changes

Three industries reported job gains adding 1,400 jobs to the economy during the month of November 2018. This included Government adding 700 jobs. Trade, Transportation & Utilities added 600 jobs and Information added 100 jobs.

The Other Services, Educational & Health ServicesProfessional & Business Services, and Financial Activities industries experienced no change.

Both Leisure & Hospitality and Mining, Logging, and Construction had loss of 200 jobs each. Manufacturing also saw a loss of 100 jobs.

Total Farm experienced a loss of 600 jobs.

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

Year-over Job Changes

Between November 2017 and November 2018, seven industries experienced year-over gains.

Leisure & Hospitality experienced the most year-over job growth with 900 jobs.  Educational & Health Services added 700 jobs. Manufacturing added 300 jobs. Other Services added 200 jobs. Information, Mining, Logging, & Construction and Financial Activities each added 100 jobs.

Government experienced no change.

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

Total Farm experienced no change.

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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