Unemployment Rate for San Luis Obispo County remained unchanged in March 2023.
The San Luis Obispo County Monthly Employment Report (March 2023) shows an increase in the civilian labor force, an increase in civilian employment, and no change in civilian unemployment.
Unemployment
The California Employment Development Department (EDD) reported the unemployment rate was 3.4% in March 2023, which was the same rate in February 2023. SLO County ranks 5th lowest Unemployment Rate in the state. The unadjusted Unemployment Rate in California is 4.8% and 3.6% in the nation during the same period.
Month-over Job Changes
The Government Industry experienced the most job growth in this reporting period, adding 900 jobs. The Leisure and Hospitality and Manufacturing industries each had an increase of 100 jobs during March.
The Trade, Transportation, and Utilities, Information, Financial Activities, Private Education and Health Services, and Other Services industries all had no change during this reporting period.
The Mining, Logging, and Construction and the Professional and Business Services industries each experienced a loss of 100 jobs in the month of March.
Total Farm lost 100 jobs during the month of March.
In the March reporting period, San Luis Obispo County employers experienced a gain of 800 jobs overall.
Year-over Job Changes
The Leisure and Hospitality industry experienced the largest year-over change, gaining 1,600 jobs. The Government industry gained 1,200 jobs over the past year. Private Education and Health Services experienced a year-over gain of 700 jobs. The Trade, Transportation, and Utilities industry gained 600 jobs since this time in 2022. The Manufacturing industry experienced a year-over gain of 400 jobs. The Professional and Business Services industry gained 100 jobs this past year.
No year-over changes were reported in the Information and Financial Activities industries.
The Mining, Logging, and Construction industry experienced the most job losses this past year, losing 300 jobs. The Other Services industry experienced a year-over loss of 100 jobs this reporting period.
Total Farm experienced a year-over gain of 700 jobs.
Overall, employers in San Luis Obispo County gained 4,900 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