Business & Tech
Poway Unemployment Rate Stays at 5.2 Percent
The jobless rate in Poway is still among the lowest in San Diego County.
The unemployment rate in Poway remained unchanged in May at 5.2 percent, according to figures released by the Employment Development Department on Friday. The county’s rate also held steady last month, unchanged at 8.8 percent.
The figure for San Diego County for May 2012 compares with 10.4 percent for California and 7.9 percent for the nation, according to the EDD. The figures are not seasonally adjusted.
Around 6,400 non-farm jobs were created last month, the EDD said.
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The agency reported that the construction sector, hard-hit during the recession and painfully slow to recover, added 1,500 jobs last month. Other areas with big gains were financial activities and trade.
Over the past year, the biggest job-gaining sectors in the area were education and health services; professional and business services; and trade, transportation and utilities.
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-City News Service
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