Overall unemployment rate moved down to 3.6% with the biggest shift in Education & Healthcare, which gained 900 roles, based on the most recently available information published in June 2023.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market declined by 1,139 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 3.6%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 50 bps above the national rate which is a negative sign.
- Unemployment in the market is 30 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in April versus prior month by 3.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 56,600; -100
- Education & Healthcare: 54,200; +900
- Government: 47,800; +100
- Business Services: 44,400; +300
- Restaurants & Hotels: 38,800; +700
- Manufacturing: 27,000; no change
- Construction, Mining: 18,700; +400
- Financial Services: 15,500; +100
- Other Jobs: 9,800; no change
- IT & Development: 4,100; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.