San Diego’s Job Market Enters 2023 Below 3% Unemployment

San Diego’s unemployment rate ended 2022 at 2.9%, upending a trend that had shown jobless claims rising modestly in the prior months, according to the latest report released by California’s Employment Development Department. That was the second-lowest unemployment rate recorded in 2022 after it briefly fell to 2.7% in May, and was also the second-lowest recording locally in the past 20 years. It falls below both California’s statewide unemployment rate of 3.7% and the national average of 3.3%.