San Diego Housing Market News and Analysis
Frail Job Market Ends 2010 On an Up Note
Submitted by Rich Toscano on January 25, 2011 - 8:58pm
The San Diego job market went more or less nowhere in 2010.
This is clear from the chart below, which measures seasonally-adjusted employment over the past several years. The year 2010 began on a positive note, first and foremost because the exceedingly rapid job losses that had characterized the prior two years finally came to a halt. The stabilization of the job market was itself good news. On top of that, local employment managed to grow -- albeit quite slowly -- for the first half of the year. (The blip up and then back down in May was the result of temporary census hiring, but without that distortion employment increased through June).
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