Overall unemployment rate moved down to 5.8% with the biggest shift in Education & Healthcare, which lost 900 roles, based on the most recently available information published in June 2021.

Total employment in the Oxnard-Thousand Oaks-Ventura, CA market rose by 2,156 jobs in May and the unemployment rate decreased compared to the prior month by 30 bps to 5.8%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.

  • Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 30 bps above the national rate which is a negative sign.
  • Unemployment in the market is 780 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in May versus prior month by 4.3% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Oxnard-Thousand Oaks-Ventura, CA Unemployment May 2021

For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:

  • Transportation & Utilities: 53,300; -500
  • Education & Healthcare: 49,100; -900
  • Government: 45,100; +500
  • Business Services: 43,000; +100
  • Restaurants & Hotels: 31,600; +500
  • Manufacturing: 26,100; no change
  • Construction, Mining: 17,500; +200
  • Financial Services: 15,600; +200
  • Other Jobs: 8,200; +100
  • IT & Development: 3,700; +100
Oxnard-Thousand Oaks-Ventura, CA Unemployment by Industry May 2021

Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.