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San Diego employment was up in November, per the Employment Development Department’s latest estimates:
Employment grew even when adjusting for the seasonal influence of holiday hiring that usually takes place this time of year:
On a year-over-year basis, total San Diego employment was up by 26,600 jobs, or 2.2 percent — the fastest annual growth rate since the pre-recession days:
San Diego has now recouped about 37 percent of the job losses that took place in the aftermath of the recession:
That is progress, but this recovery will have to continue for quite some time if we are to return to peak employment.
Rich Toscano is a financial advisor with Pacific Capital Associates*. He can be contacted at rtoscano@pcasd.com.