Oxnard-Thousand Oaks-Ventura, CA

Oxnard-Thousand Oaks-Ventura Metro Area industry wages have increased by 22.2% percent since 2001

2007-03-19T01:30:00.000-07:00

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Since 2001, industry wages increased in the Oxnard-Thousand Oaks-Ventura Metro Area by a total of 22.2%. This is greater than the growth in average industry wages for California and greater than the growth in industry wages across the US.

About: These facts are part of 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.

Oxnard-Thousand Oaks-Ventura Metro Area Industry Wages Lag Behind California, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:35:00.000-08:00

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The overall industry wages in Oxnard-Thousand Oaks-Ventura, CA when analyzed can be described as relatively high when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 7.8 percent lower than the state, which was reported to be $45,358. The average pay was less than the national industry average of $40,259.

About: These facts are part of 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.

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

2007-02-11T14:05:00.000-08:00

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

The Druggists' goods merchant wholesalers industry has experienced the largest percentage growth, expanding by 502.5 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Oxnard-Thousand Oaks-Ventura has grow faster than the industry job growth experienced in California, where the industry felt a gain of 24.2 percent. The Druggists' goods merchant wholesalers industry in Oxnard-Thousand Oaks-Ventura outpaced the national average, which felt a gained 6.4 percent.

Top 5 Industries
1. Druggists' goods merchant wholesalers (502.5 percent gain)
2. Other food manufacturing (484.5 percent gain)
3. Activities related to credit intermediation (321.0 percent gain)
4. Other ambulatory health care services (174.4 percent gain)
5. Electronic shopping and mail-order houses (136.6 percent gain)

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

The Support activities for water transportation industry has lost the largest percent of jobs, losing 83.2 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has experienced in the State of California, where the it saw a gain of 17.7 percent. The losses in the Support activities for water transportation industry in Oxnard-Thousand Oaks-Ventura outpaced the US in terms of percent of decline of industry employment. The US gained 4.9 percent in terms of employment in the Support activities for water transportation industry.

Top 5 Industries
1. Support activities for water transportation (83.2 percent decline)
2. HVAC and commercial refrigeration equipment (73 percent decline)
3. Computer and peripheral equipment mfg. (72.4 percent decline)
4. Soap, cleaning compound, and toiletry mfg. (70.5 percent decline)
5. Taxi and limousine service (68.3 percent decline)

Total employment has increased by 9.2 percent since the 2nd Quarter of 2001. This is greater than percent in California, which saw a gain of 2.8 percent from the 2nd Quarter of 2001. The gains in the area were greater than than the gain felt at the national level of 2.6 percent.

Given the 199 industries with industry data reported by the BLS in each quarter, 87 showed an escalation in the number employed, while 112 industry sectors accounting for employment declines during that time period.

In the Oxnard-Thousand Oaks-Ventura, CA metro area, the total number of jobs throughout all industries has increased by 23,558 jobs from mid-2001 to mid-2006.

Total Five-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 witnessed the largest drop in employment, losing a total of 1,831 jobs during the period. The employment lost in the Investigation and security services industry make up 10.2 percent of the total employment decline in Oxnard-Thousand Oaks-Ventura, CA.

Top 5 Industries
1. Investigation and security services (1,831 jobs lost)
2. Semiconductor and electronic component mfg. (1,617 jobs lost)
3. Support activities for crop production (1,495 jobs lost)
4. Communications equipment manufacturing (823 jobs lost)
5. Accounting and bookkeeping services (768 jobs lost)

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

Of the industries (4-digit NAICS) in the area, the Fruit and tree nut farming industry has added the most employment with 3,763 employees finding new jobs in the industry. The employment growth in the Fruit and tree nut farming industry makes up 9.1 percent of the total growth in Oxnard-Thousand Oaks-Ventura.

Top 5 Industries
1. Fruit and tree nut farming (3,763 new jobs)
2. Nondepository credit intermediation (2,090 new jobs)
3. Management of companies and enterprises (1,978 new jobs)
4. Full-service restaurants (1,689 new jobs)
5. Building foundation and exterior contractors (1,578 new jobs)

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

2007-01-24T17:06:00.000-08:00

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

2007-01-11T17:30:00.000-08:00

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.

Higher Education in the Oxnard-Thousand Oaks-Ventura, CA Metro Area

2006-12-19T21:35:00.000-08:00

In 2005, the American Community Survey reported that in the Oxnard-Thousand Oaks-Ventura, CA Metro Area, a high proportion of the male population in the area have reached the Bachelors Degree or Higher category, with 32.2 percent obtaining this level of education. The women in the Oxnard-Thousand Oaks-Ventura metro area have on average achieved a lower level of higher education (Bachelors or Higher) than men -- 32.2 percent (Men) versus 27.4 percent (Women). Many of the women in the area achieving a Some College or Associates Degree category, with 35.8 percent of the women population in the area achieving this level of education.

In the Oxnard-Thousand Oaks-Ventura, CA Metro Area as reported in the 2005 American Community Survey, 31.8 percent of the White Alone, 24.4 percent of Black or African American, 51.4 percent of the Asian alone and 9.4 percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

Since 2000, the Oxnard-Thousand Oaks-Ventura metro area has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 12.8 percent to a total of 29.8 percent in 2005, as reported by the American Community Survey. The proportion of the 2005 population having received at least a BA is greater than the 2005 State of California percent of 29.6 and greater than the US percent of 27.2.

From 2000 to 2005, the percent of the male population that can be considered highly educated has increased by 14.2 percent. In the year 2005, 32.2 percent of total male population (over 25), in this area, held at least a Bachelors Degree. At the same time, the percent of women (over 25) holding a BA or higher has increased by a total of 11.4 percent. By the year 2005, a total of 27.4 percent of the female population had achieved this level of education.

Oxnard-Thousand Oaks-Ventura, CA Metro Area is made up of a highly-educated working age population, with 29.8 percent of the population over 25 years old having received at least a Bachelors Degree, according to the American Community Survey of 2005. The Oxnard-Thousand Oaks-Ventura MSA counted a higher percent of the population with at least a Bachelors than the State of California's proportion of 29.6 percent and a higher percent than the national average of 27.2 percent.

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

Demographic Profile for Oxnard-Thousand Oaks-Ventura, CA

2006-12-03T04:54:00.000-08:00

The Oxnard-Thousand Oaks-Ventura metropolitan statistical area (MSA) has a population base that is comprised of 53.7 percent White, 1.8 percent African American, 6.1 percent Asian, and 36 percent Hispanic. This area can be considered to have a very high level of racial and ethnic diversity, with 43.9 percent of the population made up of minorities. This is less than the State of California percent of 53.4. Since 2000, Oxnard-Thousand Oaks-Ventura has increased the percent of minority makeup when 40.8 percent of the people were minorities.

Since the year 2000, a very high number of individuals migrated into the Oxnard-Thousand Oaks-Ventura metro area, with 22,310 people migrating in from outside the country. The immigration into Oxnard-Thousand Oaks-Ventura accounts for 1.6 percent of the total international migration into the State of California. This percent of immigration can be considered very high when analyzed against the base population in the year 2005 and compared to other metro areas across the US.

The Oxnard-Thousand Oaks-Ventura metro area had an estimated population of 796,106 in the year 2005. The population has increased sharply, from the population in the year 2000 of 756,673. This growth signifies an increase of 5.2 percent. Oxnard-Thousand Oaks-Ventura ranks 10 of 26 MSAs when calculating total change in population for California and the metro area ranks 69 of 361 metro areas when calculating the total change in MSA population across the US.

When calculating the total land area, the Oxnard-Thousand Oaks-Ventura metro area extends a total area of 1845 square miles. The land areas has a medium-high average population density of 431 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- McAllen-Edinburg-Pharr (432 per sq. mile ), Deltona-Daytona Beach-Ormond Beach (444 per sq. mile ), Raleigh-Cary (449 per sq. mile ), -- less densely populated -- Columbus (429 per sq. mile ), Rockford (427 per sq. mile ), Indianapolis (425 per sq. mile ).

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Oxnard-Thousand Oaks-Ventura

2006-11-11T16:22:00.000-08:00

In Oxnard-Thousand Oaks-Ventura, the census reported 266,554 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding a sum of 10,432 residential structures since 2001, a change of 4.1 percent.

Looking across the State of California, Oxnard-Thousand Oaks-Ventura is positioned 19 of the 26 metro areas by percentage growth in residential real estate. The metro area is positioned 237 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

Oxnard-Thousand Oaks-Ventura has an extremely high percentage of high-priced residential real estate. For the year 2005, the American Community Survey counted that 68.6 percent of the areas residential property was valued over $500k.

There is a limited amount of housing that is affordable in Oxnard-Thousand Oaks-Ventura, California. In 2005, only 5.2 percent of housing was valued under $125k.

Oxnard-Thousand Oaks-Ventura had an owner-occupied dwelling median in 2005 of $602,700, according to the American Community Survey. This value is greater than the overall California 2005 home median value of $477,700 and greater than median home value of $167,500 for the United States in the same year.

Data Source: U.S. Census Bureau

Employment Report for Oxnard, California -- Annual 2005 Industry Summary

2006-11-05T01:50:00.000-08:00

Management of companies and enterprises is the industry with the largest establishments in Oxnard Metropolitan Area (MSA), averaging 57 workers per each place of employment, being greater than the industry's average in the United States of 40 and greater than the California average establishment size of 54 for the Management of companies and enterprises industry.

Information saw the largest loss of employment between the years 2001-2005 in the Oxnard Metropolitan Area. The industry was hit with a loss of 2,341 total jobs during the period, accounting for 28.2 percent of jobs in the industry. The losses in this industry made up 45.8 percent of all Metro Area employment losses since 2001.

A well-paying sector in Oxnard is the finance and insurance sector with an annual pay of $82,416. In the Metropolitan Area since the year 2001, the industry annual average pay has grown by 58.3 percent or $30,354. The State of California shows a similar pattern in the finance and insurance industry, falling near the top of sectors according to average 2004 industry pay.

Management of companies and enterprises has seen the highest growth in employment from the years 2001-2005 in Oxnard, growing by 53 percent. This is greater than the change in industry employment in the United States of 1.6 percent. The State of California saw a change in employment in the sector of -23.2 percent, during the period.

In Oxnard, Agriculture, forestry, fishing and hunting, Finance and insurance and Management of companies and enterprises industries have the highest United States location quotient (LQ). The Agriculture, forestry, fishing and hunting industry has a US LQ in the region of 7.8. The percent of employment in the Agriculture, forestry, fishing and hunting industry is 7.8 times more than the average percent in the United States, revealing signs that Oxnard may specialize, or be an exporter of Agriculture, forestry, fishing and hunting.

In Oxnard, Manufacturing, Retail Trade, and the Accommodation and food services industries are the largest employment industries. The Manufacturing provides the most jobs and contributes 14.1 percent of all jobs throughout the region, totaling 38,199 individuals. The Retail Trade and Accommodation and food services industries total 13.5 and 9.1 percent of the total jobs, respectively.

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