Overall unemployment rate moved down to 6.2% with the biggest shift in Restaurants & Hotels, which gained 3,200 roles, based on the most recently available information published in June 2021.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market declined by 511 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 6.2%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 45 bps above the national rate which is a negative sign.
- Unemployment in the market is 830 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 5.2% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Transportation & Utilities: 53,900; -300
- Education & Healthcare: 49,800; +500
- Government: 44,600; no change
- Business Services: 43,100; +400
- Restaurants & Hotels: 31,100; +3,200
- Manufacturing: 26,000; no change
- Construction, Mining: 17,200; +100
- Financial Services: 15,000; -100
- Other Jobs: 8,100; +200
- IT & Development: 3,600; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.