Escondido, CA

Escondido’s unemployment rate below county average

Escondido’s unemployment rate has dropped below the county average to 3.1% this month. This and other regional economic indicators are included in the San Diego Regional EDC’s “Economic Pulse” for April.
Every jurisdiction saw a decrease in the unemployment rate from the month prior. San Diego’s unemployment rate remains well below California’s rate, which was 4.2% and the U.S. rate of 4.1%
Michelle Geller, the city’s economic development manager, told The Times-Advocate: “Escondido is keeping in line with the rest of San Diego County, which overall is showing some really good numbers. Our partnership with the other four cities along the 78 Corridor (Innovate 78) has been focusing more on workforce development to ensure our businesses have a good pool of talented people living nearby. I’d like to think that regional, collaborative approach is having a positive effect on unemployment.”
Although Escondido’s unemployment rate was lower than the county average, it was not lower than all of the cities included in the survey. Carlsbad was 3.0%, Del Mar was 2.2%, Encinitas, 2.7%, San Marcos, 3% and Vista 3.4%. Oceanside was 3.3% and Poway 2.7%. The unincorporated areas of the county were 3.4%.
According to the report: “March data show a stable San Diego labor market. The unemployment rate decreased slightly from February and still remains near record lows.
Total nonfarm employment increased by 3,300, or 0.2%, in March – a slight increase as the region continued to add jobs post-holiday season.
The largest job increases in March came from education and health services, up 1,200 jobs. Retail saw the largest increase.
According to the report, “Most major sectors experienced year-over-year job growth in March. Construction saw the biggest percentage increase (4.5%) while professional, scientific, and technical services added the most jobs (5,500). Leisure and hospitality and retail – the only sectors to experience a decline – contracted by 0.7% and 0.1%, respectively.”

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