As noted in the most recent job market update, job losses in the housing beneficiary sectors were more than offset by employment gains elsewhere. I thought it would be interesting to look at where those new jobs were being created, so I put together a chart showing how many San Diego jobs were gained or lost in various Bureau of Labor Statistics sectors over the past year:
The leisure and hospitality sector was the big winner, with 7,200 new jobs created for the year. Next in line were professional services, or services offered to businesses, which added 4,500 new jobs to the economy. This was followed by government with 3,400 jobs and education and health services with 3,200. Rounding out the top five was a growth of 1,700 jobs in the vaguely-named “other services” sector, which includes personal services, repair and maintenance, and professional and charitable organizations.
Aside from the housing boom sectors, the only industry to shrink in the past year was manufacturing, which shed 1,200 jobs.
Overall, the San Diego economy added 8,600 jobs for the year.
— RICH TOSCANO