The Morning Report
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Continuing with this week’s attempt to be light on words and heavy on pictures, here is a look at year-over-year job growth for each month over the past two years, ending with the most recent estimates as of December:
Construction and finance were still shrinking as of December but were doing so at a slower pace than they had earlier in the year. Retail employment, on the other hand experienced another month of significantly worsening decline.
Outside these three sectors (the three worst performers out of all San Diego sectors, percent-wise), employment shrunk just a wee bit. As a whole, the region lost 18,400 jobs from the prior December, a decline of 1.4 percent.
Here’s the same graph as that above, but measuring the year-over-year change in terms of percent rather than jobs:
Here’s a bar graph showing the above sectors’ contributions to year-over-year shrinkage:
And here is a graph comparing the unemployment rate during each of the past three recessions:
For those seeking more verbiage, Kelly has some here.
— RICH TOSCANO