Oxnard-Thousand Oaks-Ventura One-Year Industry Employment Change

Employment for all industries has increased by 2.5 percent since the 2nd Quarter figures of 2005. This change is greater than growth in the State of California, which went through a gain of 2.1 percent from 2005 (2nd Quarter). The gains in the area were greater than than the gain seen for the United States of 2 percent.

The Oxnard-Thousand Oaks-Ventura Metro Area: One-Year Percentage Decline in Employment

The Support activities for water transportation industry has lost the largest percent of jobs, losing 81.1 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has felt in the State of California, where the it saw a gain of 16.8 percent. The losses in the Support activities for water transportation industry in Oxnard-Thousand Oaks-Ventura outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 4.5 in percent of workers in the Support activities for water transportation industry.

Top 5 Industries
1. Support activities for water transportation (81.1 percent decline)
2. Unclassified (77 percent decline)
3. Computer and peripheral equipment mfg. (69.9 percent decline)
4. HVAC and commercial refrigeration equipment (69.6 percent decline)
5. Investigation and security services (62.3 percent decline)

The Oxnard-Thousand Oaks-Ventura Metro Area: One-Year Percentage Growth in Employment

The Beverage manufacturing industry has gone through the largest job growth by percent, increasing by 140.2 percent from 2005 to 2006. This industry in Oxnard-Thousand Oaks-Ventura has expanded faster than the overall industry growth seen in the State of California, where this industry saw a gain of . percent. The Beverage manufacturing industry in Oxnard-Thousand Oaks-Ventura outpaced the nation in terms of industry employment growth . During this period, the nation gained 3.4 percent of the industry employment.

Top 5 Industries
1. Beverage manufacturing (140.2 percent gain)
2. Support activities for air transportation (79.5 percent gain)
3. Oil and gas extraction (57.6 percent gain)
4. Educational support services (56.6 percent gain)
5. Independent artists, writers, and performers (56.2 percent gain)

Given the 209 4-digit NAICS industries, 86 accounted an for increase in employment during the period and 123 industries reported employment loss in the period.

In the Oxnard-Thousand Oaks-Ventura, CA metro area, the aggregate employment for all industry sectors has increased by 6,842 jobs between mid-2005 and mid-2006.

Total One-Year Employment Growth in the Oxnard-Thousand Oaks-Ventura Metro Area

From the industries (4-digit NAICS) in the area, the Employment services industry has added the most employment with 1,771 jobs added during the time period. These new jobs in the Employment services industry makes up 13.2 percent of the growth in Oxnard-Thousand Oaks-Ventura.

Top 5 Industries
1. Employment services (1,771 new jobs)
2. Nondepository credit intermediation (603 new jobs)
3. Residential building construction (502 new jobs)
4. Electronics and appliance stores (378 new jobs)
5. Metalworking machinery manufacturing (368 new jobs)

Total One-Year Employment Decline in the Oxnard-Thousand Oaks-Ventura Metro Area

From of the area's 4-digit NAICS industries, the Investigation and security services industry experienced most substantial job loss, losing 1,535 jobs during the time period. The jobs lost in the Investigation and security services industry make up 20.8 percent of the total employment decline in Oxnard-Thousand Oaks-Ventura, CA.

Top 5 Industries
1. Investigation and security services (1,535 jobs lost)
2. Computer and peripheral equipment mfg. (570 jobs lost)
3. HVAC and commercial refrigeration equipment (346 jobs lost)
4. Electric lighting equipment manufacturing (282 jobs lost)
5. Support activities for water transportation (273 jobs lost)





About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Oxnard-Thousand Oaks-Ventura, CA

The rate of poverty in the Oxnard-Thousand Oaks-Ventura, CA Metro has declined by 2.4 percent from the rates reported in the Decennial Census, moving from 12.3 percent to 9.9 percent.

When analyzed against other Metropolitan Statistical Areas in the US, the Oxnard-Thousand Oaks-Ventura metro area accounted a medium-low household income of $43,071 (Adjusted to 2005 Dollars). This figure is 29 percent lower than the household income median in State of California of $55,567 and the median is 14.1 percent lower than the median household income level in the US of $49,133.

While household income level experienced a growth from 2000 to 2005 in the Oxnard-Thousand Oaks-Ventura, CA metro area, the Race/Ethnicity group that went through the most dramatic growth in median household income was the category. This category saw an of . percent since the year 2000. The population category was least influenced by the median household income growth in Oxnard-Thousand Oaks-Ventura, experiencing a . percent in household income level, since the year 2005.

Contrasted against to other Metropolitan Areas throughout the US, the Oxnard-Thousand Oaks-Ventura metro area can be understood to have a medium-high rate of poverty among the people, accounting a rate of 12.3 percent of the population with family incomes below the 1999 poverty level. The American Indian and Alaska Native race/ethnicity population category, holds the highest rate of poverty with 34.9 percent of the 2000 residents living in poverty. People aged Under 5 years have the largest percent of population in poverty in Oxnard-Thousand Oaks-Ventura, accounting 21.5 percent of this age group in the area living in poverty.

The household income has increased sharply from the 2000 values (inflation adjusted). The median income has increased to $66,859, which represents a 55.2 percent growth. The Oxnard-Thousand Oaks-Ventura, CA MSA, when comparing total percent of growth, ranks 1 of 4 metro area in percent of growth for median household income in the State of California. Oxnard-Thousand Oaks-Ventura ranks 36 of 233 metro area when analyzing the growth in median income level for the United States.

The Asian householders in the area have reported their median household incomes at $60,096. This income level is 39.5 percent greater than the reported median for all households in the area. The households that were headed by an American Indian and Alaska Native individual in Oxnard-Thousand Oaks-Ventura reported a median household income of $13,894, which was 67.7 percent less than the areas median level for all households. Black or African American headed households had a median household income that was 46.1 percent less than the overall median reported in 2000, with a reported median of $23,230. In Oxnard-Thousand Oaks-Ventura, CA White householders had a median household income (in 2005 Dollars) of $43,814 according to the 2000 Dencennial Census, which was 1.7 percent greater than the median in the year 2000. Hispanic headed households in Oxnard-Thousand Oaks-Ventura, CA reported a median household income of $40,585, which is 5.8 percent less than the median reported for all households in the area.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.