” Job postings aren’t staying up long, and unemployment is near record lows. I expect wages to start increasing as we approach full employment.” – Phil Blair, President and CEO, Manpower
Each month the California Employment Development Department (EDD) releases unemployment data for the prior month. This edition of San Diego’s Economic Pulse covers April data, including unemployment data, new business establishments, job postings and who’s hiring in San Diego.
- The unemployment rate dropped 0.4 percentage points to 3.8 percent in April, the lowest seen since December 2006.
- Unemployment declined in 18 of 19 jurisdictions. Only Del Mar was unchanged, with an unemployment rate of virtually zero.
- Construction job growth accelerated in April, up 8.5 percent compared to a year ago.