San Diego Job Losses Tentatively Slow

Submitted by Rich Toscano on September 21, 2009 - 7:31pm

According to the Employment Development Department's latest estimates, San Diego's year-over-year rate of job losses slowed for the first time in 2009. The region's employment decreased by 55,600 jobs between August 2008 and August 2009, a decline of 4.3 percent.

That is good news -- if the latest numbers turn out to provide an accurate picture of San Diego's employment situation.

continue reading at voiceofsandiego.org

(category: )

Submitted by barnaby33 on September 21, 2009 - 8:58pm.

Woohoo, second derivative baby! We're going down slower, but down we're still going.

Yikes I could be next! I'll probably get laid off just as unemployment insurance permanently runs out.
Josh

Submitted by jpinpb on September 22, 2009 - 9:17am.

That is good news. Though I wonder what the percentage is of people who are unemployed who can't file unemployment, or the percentage of people whose unemployment benefits have run out and they can't refile, so just fall off the charts.

Submitted by Rich Toscano on September 22, 2009 - 9:28am.

This data is based on surveys of businesses, it's not based on who is filing for unemployment.

Rich

Submitted by creechrr on September 22, 2009 - 10:22am.

Rich Toscano wrote:
This data is based on surveys of businesses, it's not based on who is filing for unemployment.

Rich

So, how reliable is this data?

Submitted by UCGal on September 22, 2009 - 1:02pm.

Well - since my husband is one of these statistics... Was fully unemployed for most of the spring and summer, now is back to work part time - enough hours that he can't collect unemployment, but not enough that he could support himself (if he didn't have a gainfully employed wife.)

2nd derivitives are great - but we still have increasing unemployment. In other words - more people are losing jobs than are finding jobs.

Submitted by manaconda on September 22, 2009 - 1:08pm.

So don't get me wrong, I'm not saying all worries are over. But has anyone else noticed that traffic has been consistently getting heavier around town?

I have the fortune of having a long commute, and I was noticing that it was getting lighter up until about April-May. That trend reversed and has intensified in the last two months or so.

Anyone else?

Submitted by propertysearcha... on September 22, 2009 - 1:52pm.

That is just painful to look at. As a prospective buyer and bubble waiter, i usually enjoy seeing the declining graphs and affordability graphs. But this one is just sad. Everyone knows someone who is unemployed right now. The number of people I know of is just growing.

About the traffic...Amen! What is up with the I-5 traffic. It reminds me of 2005! And we have expanded lanes?

Submitted by jobs2ireland on September 22, 2009 - 3:10pm.

It's good to see that the rate of job loss has slowed. We at http://www.jobs2ireland.ie monitor what happens in thw US as this is a good barometer as to how long it will take Europe to catch up.

Submitted by maybe on September 23, 2009 - 12:06am.

I understand that past performance is not necessarily indicative of future results, but if we can expect two to three years of unemployment between 10% and 11%...

All I can say is wow...

Submitted by UCGal on September 23, 2009 - 10:11am.

manaconda wrote:
So don't get me wrong, I'm not saying all worries are over. But has anyone else noticed that traffic has been consistently getting heavier around town?

I have the fortune of having a long commute, and I was noticing that it was getting lighter up until about April-May. That trend reversed and has intensified in the last two months or so.

Anyone else?

I noticed a traffic pattern shift in the past month - but I attributed it to back to school. It seems like traffic always gets lighter during the school year summer months.

May timeframe - some districts are out for the summer. Mid August - some districts are back in session.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.