February 2024 County Labor Market Information
Unemployment Rate for San Luis Obispo County saw an increase in January 2024
The San Luis Obispo County Monthly Employment Report (January 2024) shows an increase 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 4.2% in January 2024, which is an increase from the revised December 2023 rate. SLO County ranks as the 4th lowest Unemployment Rate in the state. The unadjusted Unemployment Rate in California is 5.7% and 4.1% in the nation during the same period.
Month-over Job Changes
The Private Education and Health Services industry experienced the most job growth in this reporting period, adding 100 jobs.
The Information and Financial Activities industries saw no changes in job loss or growth during the month of January.
The Trade, Transportation, and Utilities and Leisure and Hospitality industries experienced the largest losses with 600 jobs each. The Mining, Logging and Construction, Manufacturing, Professional and Business Services, Other Services, and Government industries all lost 100 jobs during the same period.
Total Farm gained 400 jobs during the month of January.
During the same reporting period, San Luis Obispo County lost a total of 1,200 jobs.
Year-over Job Changes
The Leisure and Hospitality industry experienced the largest year-over change, gaining 1,100 jobs. The Private Education and Health Services industry experienced a year-over gain of 600 jobs. The Mining, Logging, and Construction and Professional and Business Services industries each added 500 jobs. The Manufacturing industry experienced an increase of 400 jobs over the past year. The Trade, Transportation and Utilities industry saw an increase of 200 jobs from the same time last year. The Financial Activities industry also reported a gain of 100 jobs.
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 also reported losing 100 jobs.
Total Farm experienced a year-over gain of 600 jobs.
Overall, employers in San Luis Obispo County gained 2,500 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
