Blue Green Line in Header
 

View other regions: San Francisco |  South Bay |  East Bay |  Los Angeles |  Inland Empire


Beacon Economics provides customized five-year data forecasts for variables including:
    Taxable Sales
    Home Prices & Sales
    Personal Income
    Unemployment

Learn more

---------------------------------------------
CONTACT: Sherif Hanna
SUBSCRIBE
Receive the San Diego
Regional Outlook by email
 

Summer 2018

The San Diego County economy has continued on its growth trajectory during the first half of 2018. Local employment numbers are increasing and the region’s unemployment rate is falling. Home prices also continue to rise, but home sales are declining due to mounting affordability challenges. Residential building permits are up, but the increased stock will only limit, not reverse, the upward trend in San Diego’s home prices. 

Healthy Economic Growth Continues

With a total of 1.48 million workers, nonfarm employment in San Diego expanded by 2.2% between April 2017 and April 2018. The region’s employment growth outpaced Orange County (+1.8%) and Los Angeles County (+1.3%) over the past year but lagged the Inland Empire (+3.1%). More job openings also translated into a declining unemployment rate, which fell by 1 percentage point to 3.1%. San Diego now has one of the lowest unemployment rates in the broader Southern California region, lower than Los Angeles (4.4%) and the Inland Empire (4.1%), although higher than Orange County (2.8%).

San Diego’s Professional and Business Services sector added 14,100 positions, accounting for almost half of...



 

... To continue reading this current edition, please Login or Create an Account to view the full content. It's simple and we will never share your information without your permission.

 
No Nonsense Economics blog feature image

Client Quotes

"Beacon Economics has become an invaluable resource to the Los Angeles Area Chamber of Commerce, providing us with data and research that informs our efforts to rebuild the region’s economy."
Gary Toebben, President & CEO, Los Angeles Area Chamber of Commerce

"Beacon Economics has substantially increased economic literacy here in Sonoma County."
Ben Stone, Director, Sonoma County Economic Development Board

"The professional and technically skilled staff at Beacon Economics delivered an excellent product that has been key to our District’s long term planning and fiscal health."
Dave Collins, Assistant General Manager, Finance and Management Services, East Bay Regional Park District