Overall unemployment rate moved down to 5.3% with the biggest shift in Government, which gained 1,800 roles, based on the most recently available information published in November 2021.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market rose by 4,586 jobs in September and the unemployment rate decreased compared to the prior month by 90 bps to 5.3%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 74 bps above the national rate which is a negative sign.
- Unemployment in the market is 350 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 1.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 54,100; +100
- Education & Healthcare: 49,600; +900
- Government: 45,700; +1,800
- Business Services: 44,000; +200
- Restaurants & Hotels: 32,900; -700
- Manufacturing: 26,700; +100
- Construction, Mining: 17,500; -700
- Financial Services: 15,500; -600
- Other Jobs: 8,300; -100
- IT & Development: 3,800; no change
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.