Overall unemployment rate moved down to 6.0% with the biggest shift in Restaurants & Hotels, which gained 500 roles, based on the most recently available information published in June 2023.
Total employment in the Santa Cruz-Watsonville, CA market rose by 116 jobs in April and the unemployment rate decreased compared to the prior month by 90 bps to 6.0%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Santa Cruz-Watsonville, CA unemployment rate is 290 bps above the national rate which is a negative sign.
- Unemployment in the market is 90 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in April versus prior month by 9.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Government: 19,900; -200
- Education & Healthcare: 18,600; +300
- Transportation & Utilities: 16,700; +100
- Restaurants & Hotels: 14,700; +500
- Business Services: 10,800; +100
- Manufacturing: 7,900; no change
- Other Jobs: 5,400; +100
- Construction, Mining: 5,200; +200
- Financial Services: 3,200; no change
- IT & Development: 600; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.