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Unemployment rates skyrocket in San Luis Obispo County

July 20, 2024

By KAREN VELIE

Unemployment numbers in San Luis Obispo County skyrocketed in June, with the number of unemployed workers jumping 35%, from 4,000 in May, 2024 to 5,400 in June, 2024, the state Employment Development Department reported Friday.

While unemployment numbers climb the size of the county workforce is falling, from 137,200 in June 2023 to 135,800 in June 2024. The county unemployment rate rose from 3% in May 2024 to 4% in June 2024.

San Luis Obispo County is ranked seventh out of 58 California counties for lower numbers of unemployed workers. SLO County’s unemployment rate is lower than the national average of 4.3% and the state’s 5.3% rate.

In California, San Mateo at 3.5% has the lowest unemployment rate and Imperial County comes in on the bottom with an unemployment rate of 16.4%.

 


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It’s odd that unemployment has “skyrocketted” when I keep seeing “Now Hiring”, and “Help Wanted” signs at so many businesses I see, and the job posting sites are packed with open jobs being posted. Either a lack of workers, or a lack or willing workers, because both skilled and unskilled jobs are available.


6

Businesses in our county wrap themselves up in tourism dollars and when there’s no more low hanging fruit to pick they whine like it’s not their doing. Agriculture is not events and weddings. A house in a neighborhood is not a hotel. It is no wonder the government is the largest employer in our area, they exploit tourism, then come to our wallet when it dries up.


20

Like most statistics from the government they can be manipulated to achieve the outcome desired. Here it’s in how you define being employed, how they count people who work multiple part-time jobs, how they count those who are no longer looking, or feel they dont need to look, how they define the difference between private and public sector employment, plus many more aspects.


14

What is the cause?


13

Most economists agree that 3-5% unemployment is considered full employment in real world terms. In fact, unemployment rates across the nation are the lowest they’ve been in 50 years.


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