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September 2019 Jobs Report | SD Marketflash

19 oct. 2019

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Key takeaway: San Diego employers added 30,600 jobs (+2.1%) year over year in September, the most so far in 2019. The unemployment rate fell 70 basis points (bps) from the previous month and 40 bps from the previous year to 2.7%, which is tied for the second lowest rate on record and the lowest since December 1999. The labor force (the number of adults employed plus active job-seekers) grew by 11,300 participants, which indicates that the unemployment rate fell more because job seekers found jobs as opposed to the unemployed leaving the labor force altogether.