Unemployment Rate for San Luis Obispo County saw a decrease in March 2024
The San Luis Obispo County Monthly Employment Report (March 2024) 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 4.0% in March 2024, which is a decrease from the revised February 2024 rate. SLO County ranks as the 5th lowest Unemployment Rate in the state. The unadjusted Unemployment Rate in California was 5.3% and 3.9% in the nation during the same period.
Month-over Job Changes
The Government industry experienced the most job growth in this reporting period, adding 400 jobs.
The Mining, Logging, and Construction, Private Education and Health Services and Leisure and Hospitality industries each added 100 jobs during the month of March.
The Trade, Transportation, and Utilities, Information, Professional and Business Services, Other Services and Financial Activities industries saw no changes in job loss or growth during the month of March.
The Manufacturing industry reported the most losses with 100 for the same reporting period.
Total Farm lost 100 jobs during the month of March.
During the same reporting period, San Luis Obispo County gained a total of 500 jobs.
Year-over Job Changes
The Leisure and Hospitality industry experienced the largest year-over change, adding 1,000 jobs. The Professional and Business Services and Private Education and Health Services industries each experienced a year-over gain of 400 jobs. The Mining, Logging, and Construction and Trade, Transportation, and Utilities industries each experienced an increase of 200 jobs over the past year. The Manufacturing and Financial Activities industries each saw an increase of 100 jobs from the same time last year.
The Government industry lost 1,200 jobs this past year. The Other Services industry experienced a loss of 200 jobs since this same reporting period in 2023. The Information industry reported losing 100 jobs since the same time last year.
Total Farm experienced a year-over gain of 300 jobs.
Overall, employers in San Luis Obispo County gained 1,200 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