Overall unemployment rate stayed flat at 2.8% with the biggest shift in Government, which lost 5,200 roles, based on the most recently available information published in August 2022.
Total employment in the Santa Maria-Santa Barbara, CA market declined by 1,368 jobs in July and the unemployment rate stayed flat. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Santa Maria-Santa Barbara, CA unemployment rate is 98 bps below the national rate which is a positive 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 July versus prior month by 8.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.2%. Key sectors include:
- Business Services: 34,400; +300
- Government: 32,800; -5,200
- Education & Healthcare: 29,300; no change
- Restaurants & Hotels: 28,700; +400
- Transportation & Utilities: 26,800; -300
- Manufacturing: 12,500; no change
- Construction, Mining: 10,100; +200
- Financial Services: 6,900; +100
- Other Jobs: 6,400; no change
- IT & Development: 4,200; +100
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.