Overall unemployment rate moved down to 5.0% with the biggest shift in Government, which gained 1,100 roles, based on the most recently available information published in December 2021.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market rose by 1,686 jobs in October and the unemployment rate decreased compared to the prior month by 30 bps to 5.0%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 74 bps above the national rate which is a negative sign.
- Unemployment in the market is 260 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 2.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 54,500; +500
- Education & Healthcare: 49,900; +300
- Government: 46,800; +1,100
- Business Services: 44,300; -200
- Restaurants & Hotels: 33,600; +600
- Manufacturing: 26,700; no change
- Construction, Mining: 17,600; no change
- Financial Services: 15,800; no change
- Other Jobs: 8,400; no change
- IT & Development: 4,000; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.