Overall unemployment rate moved down to 4.9% with the biggest shift in Transportation & Utilities, which gained 400 roles, based on the most recently available information published in December 2021.
Total employment in the Santa Cruz-Watsonville, CA market declined by 1,068 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 4.9%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Santa Cruz-Watsonville, CA unemployment rate is 101 bps above the national rate which is a negative sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 4.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Government: 20,500; +300
- Education & Healthcare: 17,600; +100
- Transportation & Utilities: 16,200; +400
- Business Services: 10,500; -100
- Restaurants & Hotels: 10,400; -200
- Manufacturing: 6,900; no change
- Other Jobs: 4,700; +100
- Construction, Mining: 4,600; -100
- Financial Services: 3,100; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.