
The California Labor Market Information Division released its April 2024 report on June 21, with a mix of positive and negative news for Ventura County.
On the upside, the County unemployment rate improved dramatically, from 4.2% in May all the way down to 3.7% in June. We’re on a strong four-month run of steady improvements, down from a recent high mark of 5.2% in January.
On the downside, we had a rather weak month for job creation, a net gain of only 2,600 jobs, 1,000 in Farm and 1,600 in the Nonfarm sectors. The Nonfarm gains were restricted mostly to only four sectors, Professional & Business Services up 300, Private Education & Health Services up 400, Leisure & Hospitality up 500, and Local Government—mostly Educational Services—up 400.
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