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Slight uptick in county unemployment rate

The unemployment rate in the San Diego County was 8.6 percent in October 2012, up from a revised 8.5 percent in September 2012, and below the year-ago estimate of 9.8 percent. This compares with an unadjusted unemployment rate of 9.8 percent for California and 7.5 percent for the nation during the same period.

Between September 2012 and October 2012, total nonfarm employment increased from 1,252,700 to 1,261,600, a gain of 8,900 jobs. Agricultural employment decreased by 300 jobs, or 3.1 percent.

Government reported the greatest month-over gain, adding 7,000 jobs. More than half of the job growth in this sector came from local government (up 4,200), primarily from a gain in local government education (up 4,000). State government added 2,800 jobs, while federal government remained unchanged.

Four other industries also added jobs over the month. The most notable gains came from professional and business services (up 3,100); trade, transportation, and utilities (up 2,600); and educational and health services (up 1,400).

Five nonfarm sectors recorded month-over job losses. The most significant job declines came from leisure and hospitality (down 3,700). Accommodation and food services (down 2,600) accounted for roughly 70 percent of the employment decline, mostly from food services and drinking places (down 2,000).

Between October 2011 and October 2012, total nonfarm employment increased by 23,500 jobs, or 1.9 percent. Agricultural employment gained 100 jobs, or 1.1 percent.

Professional and business services posted the greatest year-over gain, adding 8,100 jobs. Administrative and support and waste services (up 6,300) contributed to more than 75 percent of the job growth in this sector. Professional, scientific, and technical services added 1,700 jobs, followed by a gain of 100 jobs in management of companies and enterprises.

Seven other sectors also added jobs over the year. The notable came from leisure and hospitality (up 5,100); trade, transportation, and utilities (up 4,300); educational and health services (up 4,100); and construction (up 3,100).

Two industries reported year-over jobs losses: manufacturing (down 1,900) and government (down 600).

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