Overall unemployment rate moved up to 3.2% with the biggest shift in Government, which lost 700 roles, based on the most recently available information published in August 2022.
Total employment in the Oxnard-Thousand Oaks-Ventura, CA market declined by 4,391 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 3.2%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 64 bps below the national rate which is a positive sign.
- Unemployment in the market is 360 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 1.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 54,200; +500
- Education & Healthcare: 49,400; +100
- Government: 46,300; -700
- Business Services: 44,000; no change
- Restaurants & Hotels: 38,400; +700
- Manufacturing: 26,800; +300
- Construction, Mining: 18,300; -100
- Financial Services: 15,300; -100
- Other Jobs: 9,500; +100
- IT & Development: 4,200; +100
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.