Overall unemployment rate moved down to 3.4% with the biggest shift in Restaurants & Hotels, which lost 700 roles, based on the most recently available information published in November 2022.

Total employment in the Santa Cruz-Watsonville, CA market declined by 311 jobs in September and the unemployment rate decreased compared to the prior month by 40 bps to 3.4%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.

  • Santa Cruz-Watsonville, CA unemployment rate is 8 bps above the national rate which is a negative 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 September versus prior month by 13.1% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Santa Cruz-Watsonville, CA Unemployment September 2022

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

  • Government: 22,300; +100
  • Education & Healthcare: 17,600; +100
  • Transportation & Utilities: 16,500; +100
  • Restaurants & Hotels: 13,000; -700
  • Business Services: 10,700; -100
  • Manufacturing: 7,800; +100
  • Construction, Mining: 5,100; no change
  • Other Jobs: 4,800; no change
Santa Cruz-Watsonville, CA Unemployment by Industry September 2022

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

Note: All reported data is not seasonally adjusted.