Overall unemployment rate moved down to 6.4% with the biggest shift in Government, which lost 2,800 roles, based on the most recently available information published in September 2021.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market rose by 2,316 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 6.4%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 74 bps above the national rate which is a negative sign.
- Unemployment in the market is 480 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 8.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.5%. Key sectors include:
- Transportation & Utilities: 53,400; -500
- Education & Healthcare: 49,100; -500
- Business Services: 43,500; +100
- Government: 42,600; -2,800
- Restaurants & Hotels: 33,000; +700
- Manufacturing: 26,500; +200
- Construction, Mining: 18,100; +500
- Financial Services: 16,100; +600
- Other Jobs: 8,400; +100
- IT & Development: 3,800; +100
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.