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San Diego’s Unemployment Rate On The Rise This Year

Losses in Office-Using Sectors Pile Up
The most dramatic increases in the unemployment rate, both in San Diego and across the state, have occurred amid periods of U.S. economic recession defined by the private nonprofit National Bureau of Economic Research. (CoStar)
The most dramatic increases in the unemployment rate, both in San Diego and across the state, have occurred amid periods of U.S. economic recession defined by the private nonprofit National Bureau of Economic Research. (CoStar)
CoStar Analytics
March 20, 2023 | 9:09 P.M.

After ending 2022 with the second-lowest unemployment rate in 20 years, the rate surged to 3.7% in January following the loss of more than 16,000 nonfarm jobs in San Diego, according to the latest jobs report released by the Bureau of Labor Statistics. The local jump from 2.9% is still below California’s statewide unemployment rate of 4.6%, although it’s the highest rate since February 2022.

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