Employment Snapshot - Oxnard-Thousand Oaks-Ventura, CA February-2022

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

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Additional Benchmarking Resources

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Overall unemployment rate moved down to 4.1% with the biggest shift in Education & Healthcare, which gained 900 roles, based on the most recently available information published in April 2022.

Total employment in the Oxnard-Thousand Oaks-Ventura, CA market rose by 7,613 jobs in February and the unemployment rate decreased compared to the prior month by 70 bps to 4.1%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.

Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 4 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) grew in February versus prior month by 0.6% and are down 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 February 2022

For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:

Transportation & Utilities: 54,700; no change
Education & Healthcare: 49,300; +900
Government: 46,300; +700
Business Services: 43,700; +600
Restaurants & Hotels: 35,700; +400
Manufacturing: 26,200; +200
Construction, Mining: 18,000; +600
Financial Services: 15,400; no change
Other Jobs: 9,000; no change
IT & Development: 4,100; no change

Employment Change by Key Sector

Oxnard-Thousand Oaks-Ventura, CA Unemployment by Industry February 2022

Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Oxnard-Thousand Oaks-Ventura, CA