Jobless Rate Falls To 5 Year Low
The jobless rate in San Luis Obispo County fell to 5.6% in December 2013, the lowest since 2007. The rate fell from 6% in November. Year over year the EDD reports SLO County saw a 1800 nonfarm increase in jobs while farm jobs fell by 100. Figures show the county’s labor force decreased by 900 year over year to 143,100 while employment climbed by 1700.The number of unemployed contracted year over year from 10,400 to 8100.
Again year over year, by category, construction jobs climbed 7%,education and health jobs were up 5.9% while leisure and hospitality jobs climbed 1.3%.
On a month over month basis SLO county saw a a 1500 person drop in nonfarm jobs with 1200 of those government jobs. But 100 of them were losses in manufacturing.
SLO’s 5.9% compared to California’s 7.9% jobless rate.
December Airport Passengers Up 20%
SLO County airport passenger traffic was up 20.3% in December, the best performance of the year. After a slow start during the last quarter of 2013 traffic increased 14.3%.For the calendar year passenger traffic was up 4.9% to 272,268.In 2012 there were 259,505 passengers.
United had the highest increase between themselves and US Air,now having merged with American Airlines. United traffic has increased from 12,179 in January 2013 to 14,277 by December,adding another flight to LA in December. US Air traffic also increased on a monthly basis with 14,277 in December 2013 compared to 12,179 in January.
Assistant manager Craig Piper credited the improvement in SLO county’s economy for some of the increase.
Piper says the airport continues to work with their consultant to encourage United to begin flights to Denver. They are delivering results of an updated leakage study that shows more people using airports other than SLO.
“We are hopeful to hear something in the next month but there is no guarantee.”
Paso Robles La Quinta Expanding
Tourist biz is good in wine country with La Quinta Inn in Paso Robles expanding – adding another 37 rooms being bid out this month for construction.