Overall unemployment rate moved down to 6.4% with the biggest shift in Restaurants & Hotels, which gained 700 roles, based on the most recently available information published in April 2021.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market declined by 498 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 6.4%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 22 bps above the national rate which is a negative sign.
- Unemployment in the market is 220 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 6.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 54,400; no change
- Education & Healthcare: 49,200; +100
- Government: 44,100; no change
- Business Services: 42,900; +100
- Restaurants & Hotels: 27,600; +700
- Manufacturing: 26,100; +200
- Construction, Mining: 16,900; -300
- Financial Services: 15,100; -200
- Other Jobs: 7,900; no change
- IT & Development: 3,600; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.