Overall unemployment rate moved down to 4.3% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in April 2022.
Total employment in the Santa Maria-Santa Barbara, CA market rose by 4,873 jobs in February and the unemployment rate decreased compared to the prior month by 50 bps to 4.3%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Santa Maria-Santa Barbara, CA unemployment rate is 16 bps above the national rate which is a negative sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 4.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Government: 37,400; +600
- Business Services: 33,600; +300
- Education & Healthcare: 28,800; +300
- Transportation & Utilities: 27,100; -200
- Restaurants & Hotels: 26,600; +1,200
- Manufacturing: 12,200; +200
- Construction, Mining: 9,600; +300
- Financial Services: 6,800; -100
- Other Jobs: 6,100; +100
- IT & Development: 4,100; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.