
The California Labor Market Information Division (LMID) released its year-end, December 2020 report earlier today, displaying an anticipated increase in Ventura County’s unemployment rate, from 6.3% in November to 7.5% in December. We say “anticipated” owing to the new round of business restrictions that were imposed some two months ago as COVID-19 cases skyrocketed through and now following the Thanksgiving and Christmas holiday season. As we note in more detail below, our job losses were concentrated almost entirely in Food & Accommodation, or restaurants and bars, down 2,700 jobs on the month. For the entire detail, check out LMID’s December report here.