Economic Development News

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Monthly Economic Development Update: New businesses & information on the local economy
New Businesses | Employment Trends | Auto Sales Report | Other Special Updates
Tabu Shabu, an Asian Cuisine restaurant opened at Oaks Plaza, located at 2920 E. Thousand Oaks Blvd.
Zoom Room, a dog training facility opened at 45 N. Rancho Road.
Thousand Oaks
According to the California Employment Development Department, the preliminary Thousand Oaks November 2019 unemployment rate is 2.5%, up from 2.4% in October 2019. The City has a total of 65,200 in the labor force with 63,600 who are employed.
Ventura County
The California Labor Market shows Ventura County's November 2019 preliminary unemployment rate at 3.4%, up from a revised October 2019 rate of 3.3%.
A total of 2,600 non-farm jobs were added in November 2019, with a loss of 600 jobs; amounting to a net increase of 2,000 jobs. Job gains consisted of: 200 in Construction; 100 in Educational and Health Services; 900 in Government (including 800 in public education); and 1,400 in Trade, Transportation, and Utilities. Job losses consisted of: 400 in Leisure and Hospitality; 100 in Manufacturing; and 100 in Mining and Logging.
New & Pre-owned Vehicle Sales
A total of 1,790 new vehicles were sold in November 2019. New vehicle sales increased by 23.4% from October 2019 and increased by 25.3% from a year ago.
Additionally, 744 pre-owned vehicles were sold.
City's Sales Tax Revenues for Q2 (2019)
Second quarter 2019 (April, May, June) local sales tax revenue is $7.95 million, a 2.3% decrease from last year's 2nd quarter total of $8.13 million.
The overall decrease is primarily due to reduced sales in Building and Industry (18.4%), General Consumer Goods (5.2%), and Auto and Transportation (2.6%). Some categories experienced an increase in sales including: Fuel and Service Stations (4.1%), Restaurants and Hotels (3.7%), and Building and Construction (1.8%).
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2019 Economic Development Newsletter

2018 Economic Development Newsletter Archives