Unemployment Rate for  San Luis Obispo County increases in January

The San Luis Obispo County Monthly Employment Report (January 2019) 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 3.5% in January 2019, up from a revised 2.8% in December 2018. SLO County has the 8th lowest Unemployment Rate in California. The unadjusted Unemployment Rate in California is 4.8% and 4.5% for the nation during the same period.

Month-over Job Changes

One industry reported job gains adding 800 jobs to the economy during the month of January 2019. This included Government adding 800 jobs.

The Financial Activities, Information, and Other Services industries experienced no change.

Mining, Logging, and Construction experienced a loss of 800 jobs. Trade, Transportation & Utilities experienced 500 lost jobs. Leisure & Hospitality experienced a loss of 300 jobs,  Educational & Health Services experienced a loss of 200 jobs. Manufacturing and Professional & Business Services had a loss of 100 jobs each.

Total Farm experienced a gain of 100 jobs.

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

Year-over Job Changes

Between January 2018 and January 2019, six industries experienced year-over gains.

Educational & Health Services experienced the most year-over job growth with 900 jobs.  Manufacturing added 500 jobs.  Leisure & Hospitality added 400 jobs. Professional & Business Services and Trade, Transportation & Utilities added 300 jobs each. Financial Activities added 100 jobs.

Other Services and Information experienced no change.

Government had a year-over loss of 700 jobs and Mining, Logging, & Construction had a year-over loss of 400 jobs.

Total Farm experienced no change.

Overall, employers in San Luis Obispo County have added 1,400 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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