Unemployment Rate for San Luis Obispo County saw an increase in December 2023

The San Luis Obispo County Monthly Employment Report (December 2023) shows a decrease in the civilian labor force, a decrease in civilian employment, and an increase in civilian unemployment.

 

Unemployment

The California Employment Development Department (EDD) reported the unemployment rate was 3.6% in December 2023, which is an increase from the revised November 2023 rate.  SLO County ranks as the 3rd lowest Unemployment Rate in the state. The unadjusted Unemployment Rate in California is 5.1% and 3.5% in the nation during the same period.

 

Month-over Job Changes

The Trade, Transportation, and Utilities industry experienced the most job growth in this reporting period, adding 200 jobs. 

The Manufacturing, Information, Financial Activities, Professional and Business Services, and Other Services industries saw no change in job loss or growth during the month of December.

The Government industry experienced the largest loss with 500 jobs.  The Private Education and Health Services and Leisure and Hospitality industries each lost 200 jobs during the month of December.  The Mining, Logging and Construction industry also lost 100 jobs during the same period.

Total Farm lost 500 jobs during the month of December.

During the same reporting period, San Luis Obispo County lost a total of 1,300 jobs.

 

Year-over Job Changes

The Leisure and Hospitality industry experienced the largest year-over change, gaining 1,400 jobs. The Trade, Transportation, and Utilities industry added 800 jobs over the past year.  The Private Education and Health Services industry experienced a year-over gain of 700 jobs.  The Government industry added 400 jobs. The Manufacturing industry experienced an increase of 300 jobs over the past year.  The Mining, Logging, and Construction and Other Services industries each saw an increase of 100 jobs from the same time last year.

No year-over changes were reported in the Financial Activities industry.

The Professional and Business Services industry lost 200 jobs this past year.  The Information industry experienced a loss of 100 jobs since this same reporting period in 2022.

Total Farm experienced a year-over gain of 400 jobs.

Overall, employers in San Luis Obispo County gained 3,900 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