Employment Snapshot - Oxnard-Thousand Oaks-Ventura, CA January-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 up to 4.7% with the biggest shift in Transportation & Utilities, which lost 1,600 roles, based on the most recently available information published in March 2022.

Total employment in the Oxnard-Thousand Oaks-Ventura, CA market declined by 5,910 jobs in January and the unemployment rate increased compared to the prior month by 50 bps to 4.7%. The national unemployment rate increased by 74 bps over the same time to 4.4%.

Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 27 bps above the national rate which is a negative 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 January versus prior month by 3.4% 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 January 2022

For key employment segments of the market, total jobs declined by -1.3%. Key sectors include:

Transportation & Utilities: 55,100; -1,600
Education & Healthcare: 48,400; +300
Government: 45,600; -300
Business Services: 43,100; -600
Restaurants & Hotels: 35,200; -1,100
Manufacturing: 26,000; -100
Construction, Mining: 17,400; -300
Financial Services: 15,500; no change
Other Jobs: 9,000; -100
IT & Development: 3,900; -100

Employment Change by Key Sector

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

Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Oxnard-Thousand Oaks-Ventura, CA