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County's unemployment rate edges down to 8.3%

The unemployment rate in the San Diego County was 8.3 percent in November 2012, down from a revised 8.6 percent in October 2012, and below the year-ago estimate of 9.4 percent. This compares with an unadjusted unemployment rate of 9.6 percent for California and 7.4 percent for the nation during the same period.

Between October 2012 and November 2012, total nonfarm employment increased from 1,262,300 to 1,269,900, a gain of 7,600 jobs. Agricultural employment declined by 200 jobs, or 2.1 percent.

Trade, transportation and utilities posted the greatest month-over change, adding 5,000 jobs. A decline in wholesale trade (down 500) offset a gain in retail trade (up 5,500). Transportation, warehousing and utilities reported no change in employment levels over the month.

Six other sectors also added jobs over the month. The most significant job gains came from government (up 2,300). Local government (up 2,100) accounted for more than 90 percent of the job growth in this sector, primarily from local government education (up 1,700). State government gained 300 jobs, while federal government declined by 100 jobs offsetting the overall job growth in this sector.

Three nonfarm sectors posted month-over job losses: leisure and hospitality (down 700); manufacturing (down 500); and construction (down 200).

Between November 2011 and November 2012, total nonfarm employment increased by 24,600 jobs, or 2.0 percent. Agricultural employment remained unchanged over the year.

Professional and business services recorded the greatest year-over gain, adding 8,600 jobs. Administrative and support and waste services (up 6,300) contributed to roughly 73 percent of the job growth in this sector. Professional, scientific and technical services added 2,200 jobs, followed by an increase of 100 jobs in management of companies and enterprises.

Eight other sectors also added jobs over the year. The most notable came from leisure and hospitality (up 5,300); trade, transportation, and utilities (up 4,300); and construction (up 3,000).

Manufacturing (down 2,000) was the only sector to post year-over job losses. Durable goods (down 1,400) accounted for most of the decline, followed by non-durable goods (down 600).

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