Overall unemployment rate moved up to 4.4% with the biggest shift in Government, which gained 200 roles, based on the most recently available information published in January 2022.
Total employment in the Santa Cruz-Watsonville, CA market declined by 3,106 jobs in November and the unemployment rate increased compared to the prior month by 80 bps to 4.4%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Santa Cruz-Watsonville, CA unemployment rate is 104 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 7.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Government: 23,400; +200
- Education & Healthcare: 17,800; no change
- Transportation & Utilities: 16,800; +200
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.