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San Diego’s unemployment rate for November held steady for the fifth consecutive month at 4.8 percent, with sizable gains in the retail sector offset by losses in construction, according to the state’s Employment Development Department.
During the month, the area showed a net increase of 5,400 jobs to bring the area’s total non-farm employment to 1,324,500, the EDD said Dec. 21.
The biggest gains were generated from retail trade, which added 5,000 jobs, and the education and health services category, which added 800 jobs. The majority of jobs in the latter group were created in health care and social services.
Construction decreased by 1,000 jobs, while leisure and hospitality shed about 700 jobs.
For the 12 months ended in November, the region gained 13,300 jobs, or 1 percent above what it had in November 2006, the EDD said.
The two largest job-generating sectors during the year were in two divisions, leisure and hospitality, and education and health services, both of which showed net gains of 4,100 jobs.
The construction industry was the leader in the number of jobs lost with 5,500. Nearly half the losses were in the specialty trade contractors subgroup.
financial activities decreased by 900 jobs. A subgroup called real estate declined by 1,300 jobs, caused by the slowdown in the area’s housing market. The financial activities sector also had a gain of 400 jobs in finance and insurance.
San Diego’s unemployment rate was below the state’s average of 5.6 percent but above that of the entire nation, at 4.5 percent. In November 2006, the local rate was 4 percent.
, Mike Allen
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