Though the country’s national unemployment rate is 5.4%, San Diego has made considerable strides since December of 2001, matching an unemployment low of 3.4%. Job growth has slowed in the past month but still holds the lowest unemployment rate in 3 years. Nearly 20,000 jobs have been created in the last year. Half of that figure goes to construction work, as San Diego has been rapidly expanding to meet housing and commercial needs and Downtown is constantly evolving into the sky.
Other San Diego jobs being filled are in professional and business services, increasing the amount of higher-paying jobs and attracting young professionals to the city. The bio-tech boom and the recent stem cell research grant are going to surely increase jobs in the coming years as well. Other large cities in California are struggling to rebound from 9/11 and the dot-com flop, though San Diego has the second lowest urban rate in California, behind Orange County.
These statistics prove Southern California to be a desirable job destination, depending on both occupation and increasing population growth meeting housing needs.
