San Diego employment update │ August 2015 [REPORT]

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San Diego employment continues to increase as total non-farm employment grew by 48,200 jobs, or 3.6 percent year-over-year. July’s jobs report is welcome news and signals that growth is back on track after the recession.

Employment gains were led by the professional and business services sector followed by leisure and hospitality. These sectors combined added a total of 21,100 jobs. Conversely, other services was the only sector to suffer a loss in employment, losing a total of 200 jobs year-over-year.

Please note that all charts and graphs reflect the most up-to-date data from the Bureau of Labor Statistics employment data.

Click here for more market insight on our San Diego research group web page:San Diego – Research

Post this: As employment trends continue upward, companies will look to acquire more office space. The result will be a continued decline in vacancies and rising rents in many of San Diego’s submarkets. Share on LinkedIn

Click to Tweet:  At 5.4 % #SanDiego’s #unemployment rate has dropped to pre-recession levels. #Research http://ctt.ec/JGeeh

 

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