Economic Profile

*

Latest Current reporting Year Percent level period ago change POPULATION Ventura County 708,200 Jan.,’94 699,400 +1.3 Camarillo 56,500 Jan. ’94 56,140 +0.6 Fillmore 12,900 Jan. ’94 12,797 +0.8 Moorpark 27,150 Jan. ’94 26,713 +1.6 Ojai 7,925 Jan. ’94 7,853 +0.9 Oxnard 151,900 Jan. ’94 149,400 +1.7 Port Hueneme 21,850 Jan. ’94 20,471 +6.7 Santa Paula 26,850 Jan. ’94 26,732 +0.4 Simi Valley 103,700 Jan. ’94 102,900 +0.8 Thousand Oaks 110,300 Jan. ’94 109,100 +1.1 Ventura 97,000 Jan. ’94 96,000 +1.0 EMPLOYMENT Agriculture 13,700 Aug. 13,000 +5.4 Oil & gas extraction 2,100 Aug. 2,200 -4.5 Construction 10,200 Aug. 9,600 +6.3 Durable manufacturing 20,700 Aug. 21,900 -5.5 Electronic equipment 6,000 Aug. 6,400 -6.3 Non-durable manufacturing 8,500 Aug. 9,100 -6.6 Transportation 9,900 Aug. 9,900 0.0 & public utilities Wholesale trade 11,800 Aug. 11,100 +6.3 Retail trade 42,400 Aug. 42,000 +1.0 Finance, insurance 11,800 Aug. 12,300 -4.1 & real estate Services 64,000 Aug. 63,800 +0.3 Government 39,500 Aug. 40,000 -1.3 Total employment 234,600 Aug. 234,900 -0.1 in county Employed residents 339,700 Aug. 333,800 +1.8 Unemployment rate 8.8% Aug. 9.5% -0.7 Total employment California (thousands) 12,345 Aug. 12,376 -0.2 Nation (millions) 122.9 Sept 119.6 +2.8 BUILDING PERMITS Residential permits, single-family Ventura County 1,122 Jan.-Aug. 742 +51.2 Camarillo 111 Jan.-Aug. 56 +98.2 Fillmore 31 Jan.-Aug. 44 -29.5 Moorpark 78 Jan.-Sep. 91 -14.3 Ojai 3 Jan.-Aug. 4 -25.0 Oxnard 59 Jan.-July 121 -51.2 Port Hueneme 0 Jan.-July 16 -- Santa Paula 4 Jan.-Aug. 8 -50.0 Simi Valley 67 Jan.-Aug. 78 -14.1 Thousand Oaks 257 Jan.-Sep. 91 +182.4 Ventura 355 Jan.-Aug. 100 +255.0 All residential units, single-family 1,491 Jan.-Aug. 878 +69.8 and multiple Value of all residential permits (in millions of dollars) Ventura County $263.4 Jan.-Aug. $182.3 +44.5 Camarillo $29.2 Jan.-Aug. $14.9 +95.6 Fillmore $4.5 Jan.-Aug. $6.5 -31.3 Moorpark $26.4 Jan.-Sep. $22.1 +19.6 Ojai $1.94 Jan.-Aug. $1.14 +69.8 Oxnard $19.9 Jan.-July $27.7 -28.2 Port Hueneme $0.5 Jan.-July $2.3 -78.5 Santa Paula $0.72 Jan.-Aug. $1.72 -58.4 Simi Valley $19.5 Jan.-Aug. $23.4 -16.5 Thousand Oaks $57.0 Jan.-Sep. $28.9 +96.8 Ventura $62.0 Jan.-Aug. $19.4 +219.7 Value of commercial / industrial permits (in millions of dollars) Ventura County $105.6 Jan.-Aug. $117.8 -10.4 Camarillo $12.6 Jan.-July $6.4 +95.4 Fillmore $0.0 Jan.-Aug. $0.1 -- Moorpark $8.7 Jan.-Sep. $16.8 -47.9 Ojai $0.1 Jan.-Aug. $0.83 -88.1 Oxnard $14.9 Jan.-July $29.1 -48.7 Port Hueneme $0.4 Jan.-July $9.4 -95.8 Santa Paula $1.51 Jan.-Aug. $1.08 +39.9 Simi Valley $18.6 Jan.-Aug. $14.0 +32.6 Thousand Oaks $30.2 Jan.-Sep. $19.3 +56.5 Ventura $6.6 Jan.-Aug. $10.7 -38.9 INFLATION RATE Southern California 1.4% Aug. 2.0% -0.6 RETAIL SALES Cities by quarter (in millions of dollars) Camarillo $53.6 1993 Q4 $53.3 +0.6 Fillmore $8.6 1993 Q4 $9.6 -10.4 Moorpark $13.4 1993 Q4 $10.8 +23.7 Ojai $13.6 1993 Q4 $14.1 -3.4 Oxnard $243.0 1993 Q4 $218.5 +11.2 Port Hueneme $10.3 1993 Q4 $11.3 -8.7 Santa Paula $21.6 1993 Q4 $22.8 -5.3 Simi Valley $130.0 1993 Q4 $133.8 -2.8 Thousand Oaks $294.2 1993 Q4 $288.0 +2.2 Ventura $249.0 1993 Q4 $245.7 +1.4 HOTEL / MOTEL ROOM SALES (in millions of dollars) Camarillo 1.6 1994 Q2 1.8 -9.1 Ojai 2.6 1994 Q2 2.6 +1.2 Oxnard 3.9 1994 Q2 3.9 -0.5 Santa Paula 0.2 1994 Q2 0.2 -20.2 Simi Valley 1.5 1994 Q2 0.9 +62.0 Thousand Oaks 2.5 1994 Q2 2.7 -7.4 Ventura 4.6 1994 Q2 4.9 -6.0 MEDIAN HOME PRICES (in thousands of dollars) Ventura County $206.3 Jan.-Aug. $214.1 -3.6 Camarillo $226.0 Jan.-July $223.5 +1.1 Fillmore $159.0 Jan.-July $178.9 -11.1 Moorpark $221.1 Jan.-July $251.2 -12.0 Ojai $208.4 Jan.-July $206.4 +1.0 Oxnard $172.5 Jan.-July $176.9 -2.5 Port Hueneme $145.2 Jan.-July $171.3 -15.2 Santa Paula $154.2 Jan.-July $157.5 -2.1 Simi Valley $176.6 Jan.-July $189.3 -6.7 Thousand Oaks $264.6 Jan.-July $264.4 +0.1 Ventura $180.4 Jan.-July $188.5 -4.3 HOME SALES Ventura County 4,892 Jan.-Aug. 4,108 +19.1 MORTGAGE RATE Southern California average 6.30% 1994 Q2 6.71% -0.41 HOUSING VACANCY RATE Ventura County 5.0% 1994 4.8% +0.2 Camarillo 3.5% 1994 3.4% +0.1 Fillmore 4.0% 1994 3.7% +0.3 Moorpark 3.6% 1994 3.6% +0.1 Ojai 2.9% 1994 3.1% -0.1 Oxnard 5.3% 1994 4.9% +0.5 Port Hueneme 10.7% 1994 10.6% +0.1 Santa Paula 5.4% 1994 5.4% +0.1 Simi Valley 3.3% 1994 3.2% +0.1 Thousand Oaks 3.0% 1994 3.1% -0.1 Ventura 5.1% 1994 5.0% --

Prepared by: UC Santa Barbara Economic Forecast Project