Job Creation Rate
Definition
The quantity of jobs created per annum. The rate calculation is based on annual averages for total employment.
Source: California EDD
Significance
This is a significant metric displaying the strength of the local economy in terms of job growth or decline.
Trends
0.93% Job Growth Rate
Ventura County experienced a 0.93% increase in employment based on employment between 2018-2019. Over the last several years, Ventura County has consistently placed in the lowest quartile of California counties for job creation.
The charts below display Ventura County total employment as compared to job growth among parallel counties over the past ten years, along with Ventura County employment since 2005.
Chart
Average Annual County Employment
