Unemployment Rate for San Luis Obispo County decreased in February 2020.

The San Luis Obispo County Monthly Employment Report (February 2020) shows an increase in the civilian labor force, an increase in civilian employment, and a decrease in civilian unemployment.

 

Unemployment

The California Employment Development Department (EDD) reported the unemployment rate was 3.0% in February 2020, down from a revised 3.1% in January 2020. SLO County still holds the 7th lowest Unemployment Rate in California. The unadjusted Unemployment Rate in California is 4.3% and 3.8% for the nation during the same period.

 

Month-over Job Changes

The Government industry experienced the most gain, adding 600 jobs in February 2020. The Leisure & Hospitality and Educational & Health Service industries gained 300 jobs each. Mining, Logging, & Construction gained 200 jobs.

The Other Services, Manufacturing, Professional & Business Services, and Financial Activities, Information, and Trade, Transportation & Utilities industries experienced no change.

The were no industries that experienced job loss in the month of February.

Total Farm experienced a gain of 800 jobs.

Overall, employers in San Luis Obispo County gained 2,200 jobs in the month of February.

 

Year-over Job Changes

Between February 2019 and February 2020, six industries experienced year-over gains.

Educational & Health Services, Government, and Leisure & Hospitality experienced the highest year-over growth, gaining 1,100 jobs each. Professional & Business Services gained 700 jobs. The Mining, Logging, & Construction industry had a year-over gain of 600 jobs. The Other Services industry gained 100 jobs.

The Financial Activities, Manufacturing, and Information industries experienced no year-over change.

Trade, Transportation & Utilities experienced a year-over loss of 300 jobs.  

Total Farm had a year-over loss of 100 jobs.

Overall, employers in San Luis Obispo County have added 4,100 jobs in the past year.

This report is written by the San Luis Obispo County Workforce Development Board Staff. 

Data Source: http://www.labormarketinfo.edd.ca.gov/