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The Big Picture San Diego Blog


San Diego Economy

March 27, 2019

Every quarter San Diego Regional EDC analyzes key economic indicators that are important to understanding the regional economy and the region’s standing relative to the 25 most populous metropolitan areas in the U.S. This issue covers data from Q4 2018.

Recovering from a decrease in employment during Q3, San Diego, and 24 of the most populous metros, experienced an increase in total nonfarm employment during Q4. Ramping up for the holiday season, the region added 21,500 jobs – a 1.4 percent increase in employment during the quarter. Compared to a year ago, nonfarm employment was up 25,400 jobs, or 1.7 percent. 

Meanwhile, San Diego’s unemployment rate was 3.2 percent in Q4, unchanged from Q3.

Key findings from the snapshot:

  • San Diego closed Q4 with an unemployment rate of 3.2 percent and the sixth lowest among the 25 most populous metros.

  • With the holiday season in full bloom, the retail sector continued to grow, adding 8,500 jobs in Q4. Other strong contributors to the quarterly employment growth were education and health services, and transportation and utilities, together adding 4,100 jobs.  

  • Year-over-year, the region’s median home price continued to climb, growing by 2.6 percent.

  • VC dollars in the region increased 21.4 percent compared to the previous quarter.

Quarterly Economic Snapshot analyzes key economic indicators that are important to understanding the regional economy and the region’s standing relative to the 25 most populous metropolitan areas in the U.S. This releases includes data from October to December (Q4) 2018.

San Diego's Quarterly Economic Snapshot - March 2019 from San Diego Regional EDC on Vimeo.

October 9, 2014

Every quarter, San Diego Regional EDC analyzes key economic metrics that are important to understanding the regional economy and San Diego’s standing relative to other major metropolitan areas in the U.S.

This issue covers data from April 2014 - July 2014.

  • San Diego County’s July 2014 unemployment rate was down 1.4 percentage points from July 2013.
  • Private employment in San Diego grew by more than 3.2 percent from July 2013 to July 2014.
  • The region added 36,400 jobs since last July - 35,400 of which came from the private sector.
  • San Diego has the highest percentage of bachelor’s degree holders with a STEM degree among major regional peers.
  • 2014 year-to-date net absorption of industrial real estate is the best mid-year performance since 2008.
  • July’s 2.02 percent foreclosure rate marks the lowest rate in San Diegosince July 2006, making it an eight-year low for the region.
  • Biotechnology companies continued to receive larger sums in 2014, with two-thirds of all activity going toward Biotech in Q2.

Check out the complete Economic Snapshot here...

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April 11, 2014
Every quarter, San Diego Regional EDC analyzes key economic metrics that are important to understanding the regional economy and San Diego’s standing relative to other major metropolitan areas in the U.S. This issue covers data from the October 2013 to January 2014 quarter. 
 
In this issue, EDC presents updates on trends in employment, real estate and venture capital, with a special spotlight on the cybersecurity industry in San Diego. The spotlight revealed details of a recent San Diego industry study on the subject, including employment trends and company reactions. 
 
Industry Highlights
 
  • San Diego County’s January 2014 unemployment rate was down 1.6 percentage points from January 2013. 
  • The San Diego region added 25,900 jobs from January 2013 to January 2014. 
  • San Diego had the third lowest foreclosure rate among recorded major U.S. metropolitan areas in January 2014. 
  • Led by the manufacturing industry, industrial tenants absorbed 2.3 million square feet in 2013. 
  • San Diego firms were involved in 23 venture capital deals in Q4 2013 and received more than $145 million in venture capital funding. 
 
Download the complete snapshot
 
 
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