Aug 1, 2024 - News
San Diego's unemployment rate stuck at 4.4%
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San Diego's unemployment rate stayed put at 4.4% in June, roughly where it's been since last fall, per Bureau of Labor Statistics figures.
Why it matters: The national unemployment rate crossed 4% for the first time since 2021, as it takes workers longer to find jobs.
By the numbers: The San Diego metro area's unemployment rate fell from a recent high of 7.6% at the start of 2021 and in the aftermath of the pandemic until bottoming out at 3.2% in the summer of 2022.
- It ticked up steadily from then until reaching 4.5% in February, and has hardly budged since then.