Unemployment Rate for San Luis Obispo County decreased in October 2020.
The San Luis Obispo County Monthly Employment Report (October 2020) shows an increase in the civilian labor force, an increase in civilian employment, and a decrease in civilian unemployment.
The California Employment Development Department (EDD) reported the unemployment rate was 6% in October 2020, down from a revised 7.2% in September 2020. SLO County is now ranked the 6th lowest Unemployment Rate in California. The unadjusted Unemployment Rate in California is 9% and 6.6% for the nation during the same period.
Month-over Job Changes
The Government industry experienced the most gains adding 900 jobs during the month of October. Educational & Health Services and Leisure & Hospitality experienced gains of 600 jobs each. The Trade, Transportation & Utilities industry gained 500 jobs. Both the Mining, Logging, and Construction and Manufacturing industries had gains of 400 jobs each. The Professional & Business Services and Other Services industries each gained 100 jobs.
The Information and Financial Activities industries experienced no change in the month of October.
There were no job losses in SLO County in the month of October.
Total Farm experienced no change.
In October, San Luis Obispo County employers experienced a gain of 3,600 jobs overall.
Year-over Job Changes
Between October 2019 and October 2020, all industries experienced year-over losses.
The Leisure & Hospitality industry experienced the highest year-over loss, losing 5,000 jobs. Government experienced a year-over loss of 2,500 jobs. The Manufacturing industry lost 1,400 jobs. Professional & Business Services industry experienced a year-over loss of 1,200 jobs. The Mining, Logging, & Construction industry experienced a loss of 1,100 jobs. Educational & Health Services lost 1,000 jobs. The Trade, Transportation & Utilities industry lost 900 jobs The Other Services industry lost 700 jobs. Information industry lost 200 jobs and the Financial Activities industry experienced a year-over loss of 100 jobs.
Total Farm experienced a year-over gain of 200 jobs.
Overall, employers in San Luis Obispo County have lost 13,900 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/