Overall unemployment rate stayed flat at 3.3% with the biggest shift in Government, which gained 1,200 roles, based on the most recently available information published in December 2022.

Total employment in the Oxnard-Thousand Oaks-Ventura, CA market declined by 252 jobs in October and the unemployment rate stayed flat. The national unemployment rate increased by 8 bps over the same time to 3.4%.

  • Oxnard-Thousand Oaks-Ventura, CA unemployment rate is 10 bps below the national rate which is a positive sign.
  • Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in October versus prior month by 2.7% 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 October 2022

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

  • Transportation & Utilities: 55,100; +500
  • Education & Healthcare: 52,000; +500
  • Government: 48,300; +1,200
  • Business Services: 45,400; +1,000
  • Restaurants & Hotels: 38,800; +200
  • Manufacturing: 27,100; +100
  • Construction, Mining: 19,000; +200
  • Financial Services: 15,100; +100
Oxnard-Thousand Oaks-Ventura, CA Unemployment by Industry October 2022

Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.