San Diego Job Market Steady, Housing Boom, Transportation Measure, Holiday Events Highlight Local Update

06/12/2024 3 min
San Diego Job Market Steady, Housing Boom, Transportation Measure, Holiday Events Highlight Local Update

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Episode Synopsis

Good morning, this is San Diego Local Pulse for December 6, 2024. We're starting off with a look at what's happening around our city today.First, let's talk about the job market. The latest numbers show that San Diego County's unemployment rate was 4.7 percent in October, up slightly from September's 4.6 percent. While this is a bit higher than we'd like to see, it's still a relatively strong market. Nonfarm employment in San Diego County increased by 15,500 jobs over the month, reaching a record level high. The leisure and hospitality sector saw the largest year-over job increase, with 11,100 new jobs, mostly in accommodation and food services[2].Moving on to real estate, San Diego's housing market is predicted to see an 11.0% increase in home sales and a 5.4% rise in median sales prices this year. This is great news for buyers and sellers alike, as the market becomes more favorable for buyers with homes staying on the market slightly longer than in previous years. The median home price is expected to rise, making it a good time for investors to capitalize on property appreciation[3].In city hall news, the San Diego Housing Authority has been busy with several key decisions. They recently approved a loan recommendation for Rose Creek Village and amended the San Diego Housing Commission's Statement of Procurement Policy. Additionally, they authorized the acceptance of $35,000,000 in State of California Homekey Program Funds and other funds to support the acquisition and rehabilitation of the Extended Stay America at 2087 Hotel Circle South, which will be known as Presidio Palms[4].Now, let's talk about transportation. The Let's Go San Diego Coalition has successfully qualified a regional transportation ballot measure for the November 2024 ballot. This measure aims to fund much-needed repairs and updates to transportation infrastructure throughout San Diego County, including fixing roads and potholes, adding carpool lanes, and expanding bus and rail services[5].Looking at today's weather, it's going to be a beautiful day in San Diego, perfect for getting out and enjoying some of the many events happening around the city. Tonight, you can catch the San Diego Gulls home game at Pechanga Arena San Diego, or enjoy some live music at various venues like La Valencia Hotel and the Piazza della Famiglia. Don't miss the free holiday light shows with snowfall at Village Walk at EastLake, and if you're in the mood for comedy, Jeff Garlin is performing at the Comedy Store[1].In new business activity, there are several openings and events worth mentioning. The Athenaeum Art Center School of the Arts is hosting A Kitschmas Pageant, and the Normal Heights United Methodist Church is presenting the Songwriter Sanctuary Holiday Edition. If you're looking for something unique, check out the immersive soundwalk at UCSD or the City Lights: An Immersive Journey Through Light & Sound at Quartyard[1].In local school achievements, we don't have any specific updates today, but we're always proud of our students and teachers for their hard work and dedication.Finally, in today's crime report, there are no significant incidents to report from the past 24 hours. We're grateful for the safety of our community and the hard work of our law enforcement.This has been San Diego Local Pulse. We'll see you tomorrow with more local updates.This content was created in partnership and with the help of Artificial Intelligence AI

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