Unemployment Rate for San Luis Obispo County saw no change in November 2023

The San Luis Obispo County Monthly Employment Report (November 2023) shows a slight 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 3.5% in November 2023, which is the same as the revised October 2023 rate.  SLO County ranks as the 2nd lowest Unemployment Rate in the state. The unadjusted Unemployment Rate in California is 4.9% and 3.5% in the nation during the same period.

Month-over Job Changes

The Government industry experienced the most job growth in this reporting period, adding 500 jobs.  The Trade, Transportation, and Utilities industry added 200 jobs during the month of November.

The Mining, Logging, and Construction, and Private Education and Health Services industries each added 100 jobs during the November reporting period.

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 November.

The Leisure and Hospitality industry experienced the largest loss with 100 jobs.

Total Farm gained 300 jobs during the month of November.

During the November reporting period, San Luis Obispo County employers saw no change from the revised October data.

Year-over Job Changes

The Leisure and Hospitality industry experienced the largest year-over change, gaining 1,500 jobs. The Private Education and Health Services and Government industries each added 800 jobs over the past year.  The Trade, Transportation, and Utilities industry experienced a year-over gain of 700 jobs.  The Manufacturing industry added 300 jobs. The Other Services industry experienced an increase of 100 jobs over the past year.

No year-over changes were reported in the Financial Activities or in the Mining, Logging, and Construction industries.

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 300 jobs.

Overall, employers in San Luis Obispo County gained 4,200 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