SLO County Labor Market Report December 2018

Unemployment Rate for  San Luis Obispo County decreases in December

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

Unemployment

The California Employment Development Department (EDD) reported the unemployment rate was 2.8% in December 2018, down from a revised 2.7% in November 2018. SLO County has the 6th lowest Unemployment Rate in California. The unadjusted Unemployment Rate in California is 4.1% and 3.7% for the nation during the same period.

Month-over Job Changes

One industry reported job gains adding 100 jobs to the economy during the month of December 2018. This included Information adding 100 jobs.

The Financial Activities industry experienced no change.

Government experienced a loss of 1,700 jobs. Trade, Transportation & Utilities and Other Services each experienced 200 lost jobs.

Mining, Logging, and Construction, Manufacturing, Educational & Health Services, Professional & Business Services, and Leisure & Hospitality had a loss of 100 jobs each.

Total Farm experienced a loss of 400 jobs.

Overall, employers in San Luis Obispo County lost 2,900 jobs in the past month.

Year-over Job Changes

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

Leisure & Hospitality experienced the most year-over job growth with 800 jobs.  Educational & Health Services added 600 jobs. Manufacturing and Other Services added 300 jobs each. Mining, Logging, & Construction added 200 jobs.

Information and Financial Activities experienced no change.

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

Total Farm added experienced no change.

Overall, employers in San Luis Obispo County have added 1,500 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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