Overall unemployment rate moved down to 4.2% with the biggest shift in Transportation & Utilities, which gained 700 roles, based on the most recently available information published in February 2022.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market rose by 608 jobs in December and the unemployment rate decreased compared to the prior month by 30 bps to 4.2%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 51 bps above the national rate which is a negative sign.
- Unemployment in the market is 320 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in December versus prior month by -4.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 56,800; +700
- Education & Healthcare: 49,500; no change
- Government: 45,800; -100
- Business Services: 44,900; +100
- Restaurants & Hotels: 34,600; +600
- Manufacturing: 26,600; no change
- Construction, Mining: 17,800; +100
- Financial Services: 15,700; -100
- Other Jobs: 8,400; -100
- IT & Development: 4,100; +100
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.