Overall unemployment rate moved up to 3.5% with the biggest shift in Government, which gained 1,300 roles, based on the most recently available information published in September 2022.

Total employment in the Oxnard-Thousand Oaks-Ventura, CA market rose by 217 jobs in August and the unemployment rate increased compared to the prior month by 30 bps to 3.5%. The national unemployment rate stayed flat over the same time period at 3.8%.

  • Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 29 bps below the national rate which is a positive sign.
  • Unemployment in the market is 270 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) declined in August versus prior month by -0.4% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Oxnard-Thousand Oaks-Ventura, CA Unemployment August 2022

For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:

  • Transportation & Utilities: 54,900; +300
  • Education & Healthcare: 49,800; +200
  • Business Services: 45,000; +600
  • Government: 45,000; +1,300
  • Restaurants & Hotels: 38,700; -500
  • Manufacturing: 27,000; -100
  • Construction, Mining: 18,500; -300
  • Financial Services: 15,600; +200
  • Other Jobs: 9,500; -100
  • IT & Development: 4,200; no change
Oxnard-Thousand Oaks-Ventura, CA Unemployment by Industry August 2022

Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.