San Diego County’s Unemployment Rate Continues to Drop

California’s Employment Development Department recently released its labor force data for March 2013. The report states that the unemployment rate in San Diego County dropped to 7.7% in March, down from a revised 8% in February. This is the first time in more than four years that San Diego County’s unemployment rate has dropped below 8%. With more than 8,300 San Diegans working this month over the last month, this is a good indicator that job growth is moving in the right direction. Although we are still on a road to recovery, the pace is beginning to pick up, which is a great sign for San Diegans.