Overall unemployment rate moved down to 4.1% with the biggest shift in Transportation & Utilities, which lost 800 roles, based on the most recently available information published in April 2023.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market rose by 4,565 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 4.1%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 21 bps above the national rate which is a negative sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in February versus prior month by 1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 57,300; -800
- Education & Healthcare: 52,900; +800
- Government: 47,500; +600
- Business Services: 44,000; +400
- Restaurants & Hotels: 37,600; +500
- Manufacturing: 27,000; +100
- Construction, Mining: 18,600; +300
- Financial Services: 15,000; -100
- Other Jobs: 9,800; +100
- IT & Development: 3,800; -100
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.