San Diego’s unemployment rate fell below 4% in May for the first time in two years, according to the latest jobs report released by the Bureau of Labor Statistics. At 3.9%, it was the lowest local rate since May 2024, when it hit 3.6%; a year ago, it was 4.1%. The current rate also is below California’s statewide rate of 4.7%.
San Diego unemployment rate falls to two-year low
Businesses prepare for tourist season
By Joshua Ohl
CoStar AnalyticsJuly 6, 2026 | 3:57 P.M.
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