September 2023 County Labor Market Information

Unemployment Rate for San Luis Obispo County increased in August 2023

The San Luis Obispo County Monthly Employment Report (August 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 3.7% in August 2023, which is an increase from the revised July 2023 rate of 3.3%. SLO County ranks as the 4th lowest Unemployment Rate in the state. The unadjusted Unemployment Rate in California is 5.1% and 3.9% in the nation during the same period.

 

Month-over Job Changes

The Manufacturing industry experienced the most job growth in this reporting period, adding 200 jobs.  The Private Education and Health Services industry added 100 jobs during the month of August.

The Financial Activities, Professional and Business Services, Leisure and Hospitality and Other Services industries all had no change during the August reporting period.

The Government industry experienced the largest loss with 900 jobs. The Mining, Logging, and Construction, Trade, Transportation and Utilities, and Information industries all experienced a loss of 100 jobs during the same August reporting period.

Total Farm lost 300 jobs during the month of August.

In the August reporting period, San Luis Obispo County employers experienced a loss of 1,200 jobs overall.

 

Year-over Job Changes

The Leisure and Hospitality industry experienced the largest year-over change, gaining 1,400 jobs. The Government industry gained 1,200 jobs and the Private Education and Health Services industry gained 1,000 jobs over the past year. Trade, Transportation, and Utilities and Manufacturing each experienced a year-over gain of 600 jobs. The Other Services industry experienced an increase of 200 jobs over the past year.

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

The Professional and Business Services industry experienced the most job losses this past year, losing 400 jobs. The Mining, Logging and Construction and Information industries each experienced a loss of 100 jobs since this same reporting period in 2022.

Total Farm experienced a year-over gain of 600 jobs.

Overall, employers in San Luis Obispo County gained 5,000 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

Related Forms & Documents

August-2023-UNEMPLOYMENT-REPORT

This WIOA Title I financially assisted program or activity is an equal opportunity employer/program.
Auxiliary aids and services are available upon request to individuals with disabilities. California Relay Service 711 or 1-800-735-2922 (English) 1-800-855-3000 (Spanish).

Follow us on facebook for updates, events, photos and more:

Facebook icon