Overall unemployment rate moved down to 6.2% with the biggest shift in Education & Healthcare, which lost 900 roles, based on the most recently available information published in September 2021.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market declined by 2,906 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 6.2%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 91 bps above the national rate which is a negative sign.
- Unemployment in the market is 360 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 5.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 53,900; +600
- Education & Healthcare: 48,300; -900
- Business Services: 43,900; +100
- Government: 43,200; +900
- Restaurants & Hotels: 33,700; +600
- Manufacturing: 26,600; no change
- Construction, Mining: 18,100; +200
- Financial Services: 16,300; +200
- Other Jobs: 8,400; no change
- IT & Development: 3,800; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.