Overall unemployment rate stayed flat at 6.9% with the biggest shift in Government, which gained 500 roles, based on the most recently available information published in May 2023.
Total employment in the Santa Cruz-Watsonville, CA market rose by 520 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Santa Cruz-Watsonville, CA unemployment rate is 328 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 March versus prior month by 4.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Government: 20,100; +500
- Education & Healthcare: 18,300; -100
- Transportation & Utilities: 16,600; -100
- Restaurants & Hotels: 14,200; +200
- Business Services: 10,700; -100
- Manufacturing: 7,900; no change
- Other Jobs: 5,300; no change
- Construction, Mining: 5,000; no change
- Financial Services: 3,200; no change
- IT & Development: 600; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.