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How about that raise, Boss?
County unemployment rate down — but so is household income
The San Diego County unemployment rate dropped to 5.2 percent in in December, down from a revised 5.8 percent in November, according to the state Employment Development Department. Non-farm jobs grew by 600 in the month and by 44,500 during the past year.
Much of the December job growth was in retail, a seasonal phenomenon tied to Christmas sales. Retail jobs grew by 2100 in December from November. Manufacturing jobs rose by 900 in the month — a positive sign.
Inflation-adjusted median household income rose by 0.36 percent from 2012 to 2013, according to Department of Numbers. However, inflation-adjusted median household income in 2013, measured over a three-year period, was down by 4.05 percent. Inflation-adjusted household income in the county hit $69,425 in 2007. In 2013, it was $61,426. A drop in the unemployment rate is positive but incomes are still well below their peak prior to the Great Recession.
Here's something you might be interested in.
How about that raise, Boss?
County unemployment rate down — but so is household income
How about that raise, Boss?
County unemployment rate down — but so is household income
The San Diego County unemployment rate dropped to 5.2 percent in in December, down from a revised 5.8 percent in November, according to the state Employment Development Department. Non-farm jobs grew by 600 in the month and by 44,500 during the past year.
Much of the December job growth was in retail, a seasonal phenomenon tied to Christmas sales. Retail jobs grew by 2100 in December from November. Manufacturing jobs rose by 900 in the month — a positive sign.
Inflation-adjusted median household income rose by 0.36 percent from 2012 to 2013, according to Department of Numbers. However, inflation-adjusted median household income in 2013, measured over a three-year period, was down by 4.05 percent. Inflation-adjusted household income in the county hit $69,425 in 2007. In 2013, it was $61,426. A drop in the unemployment rate is positive but incomes are still well below their peak prior to the Great Recession.
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