Kindergarten teacher Jennifer Smart leads her kindergarten class in singing “This Land is Your Land” at Zamorano Elementary School in Bay Terrace. Education was one of the biggest job growth sectors in September. San Diego’s jobless rate settled into more comfortable territory in September, just a month after it had spiked to a surprising 5.1 percent.
“That is the soft landing that the Fed has been hoping for. And it’s not really happened like this before.” Among the sectors leading job growth in San Diego last month were government , with an increase of 7,400 jobs, and private education and health services, which saw payrolls increase by 1,900. He’s also noticing companies preparing for the coming holiday hiring boom. Clients such as UPS, as well as warehouses, are starting to gear up, he said. As an example, Blair says he has orders from two companies for 450 workers each.
“Our labor force hasn’t grown really at all in five years,” said Thornberg, founding partner of Beacon Economics. “The fact we’re seeing any job growth is a function of people picking up second jobs or there are unaccounted jobs because of immigration. It is a full employment economy. We just don’t have enough workers in the state of California.