THE LATEST ON THOUSAND OAKS BUSINESS AND OUR LOCAL ECONOMY
Above: Teledyne Technologies provides sensors for the James Webb Space Telescope, which is scheduled to launch in October of 2018.
NEW THOUSAND OAKS BUSINESSES
CareNow Urgent Care center opened at 3967 E. Thousand Oaks Boulevard. CareNow is affiliated with Los Robles Hospital and Medical Center.
Marshalls Department Store relocated its operation from the Janss Marketplace to Conejo Plaza located at 1350 N. Moorpark Road (previously occupied by Sports Chalet).
APRIL AUTO SALES
A total of 1,685 new vehicles were sold in April 2017. New vehicles sales decreased by 11.75 percent from March 2017, and increased by 4.98 percent from a year ago. Additionally, 708
pre-owned vehicles were sold.
TOP PRIVATE COMPANIES
According to the Pacific Coast Business Times, five local private companies ranked in the Top 50 of businesses in the Tri-County with the highest generated revenue in 2016:
Ranked #7 - Jafra Cosmetics International with a revenue of $530 million.
Ranked #8 - Sage Publications with a revenue of $350 million.
Ranked #40 - STS Education with a revenue of $28.8 million
Ranked #41 - ECA Medical Instruments with a revenue of $28 million.
Ranked #49 - Packlit with a revenue of $20 million.
TOP PUBLICLY-TRADED COMPANIES
According to the Pacific Coast Business Times, four local publicly-traded companies ranked in the Top 25 of businesses in the Tri-County with market capitalization and revenue:
Ranked #1 - Amgen with a market capitalization of $119.1 billion and revenue of $23 billion.
Ranked #2 - Teledyne Technologies with a market capitalization of $4.4 billion and revenue of $2.2 billion.
Ranked #4 - LTC Properties with a market capitalization of $2 billion and revenue of $133.5 million.
Ranked #5 - Inphi with a market capitalization of $1.8 billion and revenue of $266.3 million.
VENTURA COUNTY UNEMPLOYMENT
The California Labor Market report revealed that Ventura County's April 2017 unemployment rate of 4.0 percent was down from a revised 4.6 percent in March 2017. This drop in the unemployment rate is contributed to the loss of 3,800 workers from the labor force.A total of 1,200 non-farm jobs were lost in March 2017, however; 800 jobs were added, for a net decrease of 400 jobs. The loss in jobs includes 700 in professional and business services, 300 in educational and health services, and 200 in government. The gain in jobs includes 600 in leisure and hospitality and 200 in manufacturing.