San Diego, CA – January 2024 Job Market Report – Modest Growth with Shifting Landscape

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San Diego’s job market in January 2024 presented a picture of moderate growth alongside some concerning sectoral contractions. While the unemployment rate remained steady at 4.3%, positive signs emerged in the form of an overall nonfarm job increase compared to January 2023. However, a closer look reveals a more nuanced story, with specific industries experiencing job losses.


  • The unemployment rate held steady at 4.3%, indicating a balanced labor market.
  • Nonfarm job growth reached 1.3% year-over-year, adding 20,500 jobs to the San Diego economy.
  • Despite the positive gains, some sectors witnessed job losses, most notably in trade, transportation, and utilities (down 7,300 jobs) and leisure and hospitality (down 6,300 jobs).

What Industries and Occupations Grew

Although data for specific occupations within San Diego isn’t readily available for January 2024, broader trends suggest growth in healthcare and private education sectors statewide.

What Industries and Occupations Shrunk

Trade, transportation, and utilities, particularly retail trade, experienced the most significant decline. The leisure and hospitality sector also contracted, with accommodation and food services bearing the brunt of the job losses.

Compare to Same Month Last Year

San Diego’s nonfarm job growth surpassed January 2023 by 1.3%, indicating a positive trajectory compared to the previous year. The unemployment rate in January 2024 remained slightly higher than January 2023 (4.3% vs. 3.7%), suggesting a tighter labor market in the current year.

Compare to Previous Month

Data on a month-to-month basis isn’t available for San Diego specifically. However, statewide data suggests a slight decrease in employment numbers from December 2023 to January 2024.

Future Outlook

The future outlook for San Diego’s job market is uncertain. While some sectors are experiencing growth, particularly healthcare and education, others are facing contraction. National economic trends may also play a role in shaping the local job market in the coming months.

10 Growing Occupations (Nationally)

10 Companies Hiring Now in San Diego, CA

This information is constantly changing, so be sure to utilize Indeed or similar job boards for the most up-to-date listings. You can narrow your search by location and desired industry. Here are a few examples of companies currently hiring in San Diego: