San Diego employment growth continued its 2010 streak by rising for another month in April.
The graph below shows monthly San Diego employment since 2007:
Employment is still far off its peak, but April marks the first four-month uptrend since that time — even including early 2007 before the recession began. This suggests that the trend may have finally turned around.
This next graph shows the year-over-year change in employment for the housing bubble-related sectors as well as the rest of the economy:
While still negative, the rate of annual change has improved vastly since mid-2009. If the current trend towards job growth contines, the annual rate of change could go positive later this year.
— RICH TOSCANO