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Fall 2018

The San Diego County economy maintained steady growth through the first three quarters of 2018. Expansion in the Professional & Business Services sector helped push the region’s unemployment rate down to a level not seen since 2000. In the local real estate market, commercial property building permits appear to be declining but data indicates this may be temporary. 

Professional Business Services Lead job Growth

Between August 2017 and August 2018, total nonfarm employment in San Diego County increased by 1.6% to reach a total of 1.47 million jobs. The 23,900 jobs added over the year have helped drive the County’s unemployment rate down 0.9 percentage points to 3.2% from 4.1%. Additionally, San Diego County’s growth in total nonfarm employment slightly outpaced Los Angeles (+1.4%) and Orange (+0.8%) Counties. However, local job growth has slowed compared to one year earlier, when San Diego County added jobs at a rate of 1.8%.

Over the past year, the Management sector and Professional, Scientific, and Technical Services sector have experienced the most...


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