San Diego employment continues to increase as total non-farm employment grew by 36,900 jobs, or 2.7 percent year-over-year. The latest employment update highlights the continued trend of employment growth and jobs continuing to be created in the market.
- Educational and Health Services recorded the greatest year-over gain with 7,100 jobs, followed by Leisure and Hospitality which increased by 6,200 jobs. Between the two sectors, a total of 13,300 jobs were added since April 2015. No major sector recorded a year-over-year decrease in jobs.
- San Diego’s unemployment decreased to 4.5 percent from a revised 4.7 percent in March.
Office real estate implications
We are currently seeing local year-over-year job gains in nearly every sector, with the greatest gain in the educational & health services sector. None of the office using employment sectors have seen year-over-year losses, and demand for office space has endured.