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.
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
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.