
The California Labor Market Information Division has released its December 2023 report, showing little change for Ventura County in net industry employment—up by only 100 jobs, November to December, and no change to the unemployment rate, at 4.7%. That rate puts Ventura County ahead of the state as a whole, which is at 5.1% unadjusted, though trailing the U.S. average at 3.5%.
There are a couple of indicators that especially disappoint this month, specifically, the total Labor Force and the total number of employed workers. The total labor force is down, month-over-month, by 2,300, to 417,400. That’s 6,400 fewer workers in the total labor force since prior to the pandemic. More concerning is the decline by 11,200 employed workers over the same time.
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