Overall unemployment rate moved down to 3.5% with the biggest shift in Education & Healthcare, which gained 700 roles, based on the most recently available information published in April 2022.

Total employment in the Oxnard-Thousand Oaks-Ventura, CA market rose by 4,362 jobs in March and the unemployment rate decreased compared to the prior month by 60 bps to 3.5%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.

  • Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 25 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 March versus prior month by 0.8% 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 March 2022

For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:

  • Transportation & Utilities: 54,200; -400
  • Education & Healthcare: 50,100; +700
  • Government: 46,100; no change
  • Business Services: 43,400; no change
  • Restaurants & Hotels: 36,300; +600
  • Manufacturing: 26,300; +100
  • Construction, Mining: 18,100; no change
  • Financial Services: 15,500; +100
  • Other Jobs: 9,200; +100
  • IT & Development: 4,100; no change
Oxnard-Thousand Oaks-Ventura, CA Unemployment by Industry March 2022

Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.