January 2023
Unemployment Rate for San Luis Obispo County decreased in December 2022.
The San Luis Obispo County Monthly Employment Report (December 2022) shows a decrease in the civilian labor force, a decrease in civilian employment, and a decrease in civilian unemployment.
Unemployment
The California Employment Development Department (EDD) reported the unemployment rate was 2.4% in December 2022, down from a revised 2.8% in November 2022. SLO County continues to rank 5th lowest Unemployment Rate in the state. The unadjusted Unemployment Rate in California is 3.7% and 3.3% in the nation during the same period.
Month-over Job Changes
The Trade, Transportation & Utilities industry experienced the most job gains this reporting period, adding 300 jobs. The Professional & Business Services industry also had a gain of 100 jobs added.
The Information, Financial Activities, and Leisure & Hospitality industries remained unchanged during the December reporting period.
The Government industry experienced the most job losses during this reporting period, losing 600 jobs. The Educational & Health Services industry lost 200 jobs in December. The Mining, Logging, and Construction, Manufacturing, and Other Services industries each lost 100 jobs during the December period.
Total Farm experienced a loss of 500 jobs during the month of December.
In the December reporting period, San Luis Obispo County employers experienced a loss of 1,200 jobs overall.
Year-over Job Changes
The Educational & Health Services and the Leisure and Hospitality industries both experienced the largest year-over changes, gaining 900 jobs each. The Government industry gained 600 jobs over the past year. Professional & Business Services experienced a year-over gain of 400 jobs. The Manufacturing and Other Services industries both gained 200 jobs since this time in 2021. The Trade, Transportation & Utilities industry experienced a year-over gain of 100 jobs.
No year-over changes were reported in the Information and Financial Activities industries.
The Mining, Logging, and Construction industry experienced the only year-over job losses this reporting period, with 200 jobs less than reported in December 2021.
Total Farm experienced a year-over gain of 100 jobs.
Overall, employers in San Luis Obispo County gained 3,200 jobs over 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