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
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.