San Diego’s unemployment rate was 4.0% in Q1 2022 with office-using employment at an all-time high of 376,900 workers. Due to several micro-and macroeconomic factors, the outlook for the office sector is clouded. Post Covid-19 plans to return to the office have been delayed; however, major corporations are finally seeing a move forward. The speed and scope of these efforts to return to traditional office environments remains to be seen. San Diego’s labor market is attractive due to several top universities providing a talent pool of job-seeking graduates.
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