Economic Profile

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Latest Current reporting Year Percent level period ago change POPULATION Ventura County 720,508 Jan. ’95 708,992 +1.6 Camarillo 58,472 Jan. ’95 56,562 +3.4 Fillmore 12,872 Jan. ’95 12,937 -0.5 Moorpark 27,544 Jan. ’95 27,202 +1.3 Ojai 8,154 Jan. ’95 7,927 +2.9 Oxnard 154,558 Jan. ’95 152,034 +1.7 Port Hueneme 21,772 Jan. ’95 21,893 -0.6 Santa Paula 27,093 Jan. ’95 26,887 +0.8 Simi Valley 103,660 Jan. ’95 103,834 -0.2 Thousand Oaks 112,600 Jan. ’95 110,391 +2.0 Ventura 100,677 Jan. ’95 97,080 +3.7 EMPLOYMENT Agriculture 21,800 June 22,300 -2.2 Oil & gas extraction 1,800 June 2,000 -10.0 Construction 10,100 June 10,100 0.0 Durable manufacturing 19,800 June 21,200 -6.6 High technology 9,000 June 9,700 -7.2 Non-durable manufacturing 8,500 June 8,900 -4.5 Transportation & public utilities 11,700 June 11,000 +6.4 Wholesale trade 12,200 June 11,800 +3.4 Retail trade 44,800 June 44,100 +1.6 Finance, insurance & real estate 12,300 June 12,500 -1.6 Services 69,000 June 67,800 +1.8 Government 43,900 June 43,600 +0.7 Total employment in county 255,900 June 255,300 +0.2 Employed residents 353,200 June 350,000 +0.9 Unemployment rate 6.8% June 7.2% -0.4 Total employment California (thousands) 12,314 June 12,195 +1.0 Nation (millions) 124.4 June 122.6 +1.5 BUILDING PERMITS Residential permits, single-family Ventura County 943 Jan.-June 851 +10.8 Camarillo 68 Jan.-June 90 -24.4 Fillmore 28 Jan.-June 23 +21.7 Moorpark 35 Jan.-June 44 -20.5 Ojai 7 Jan.-June 2 +250.0 Oxnard 65 Jan.-June 58 +12.1 Port Hueneme 0 Jan.-June 0 - Santa Paula 2 Jan.-June 1 +100.0 Simi Valley 210 Jan.-June 56 +275.0 Thousand Oaks 234 Jan.-June 171 +36.8 Ventura 212 Jan.-June 281 -24.6 All residential units, single-family and multiple 1,059 Jan.-June 1,218 -13.1 Value of all residential permits (in millions of dollars) Ventura County $208.2 Jan.-June $204.4 +1.9 Camarillo $14.5 Jan.-June $24.7 -41.4 Fillmore $3.4 Jan.-June $3.4 +0.4 Moorpark $10.5 Jan.-June $15.4 -32.1 Ojai $1.3 Jan.-June $1.1 +25.1 Oxnard $18.1 Jan.-June $19.2 -5.6 Port Hueneme $0.5 Jan.-June $0.4 +15.5 Santa Paula $0.9 Jan.-June $0.5 +78.3 Simi Valley $47.9 Jan.-June $15.5 +208.1 Thousand Oaks $51.5 Jan.-June $39.8 +29.4 Ventura $35.0 Jan.-June $50.0 -30.0 Value of commercial /industrial permits (in millions of dollars) Ventura County $94.6 Jan.-June $86.0 +10.0 Camarillo $11.0 Jan.-June $8.5 +28.7 Fillmore $0.1 Jan.-June $0.0 - Moorpark $2.5 Jan.-June $8.5 -70.6 Ojai $3.0 Jan.-June $0.5 +541.9 Oxnard $11.6 Jan.-June $14.9 -22.1 Port Hueneme $2.5 Jan.-June $0.4 +529.3 Santa Paula $0.8 Jan.-June $0.0 -- Simi Valley $7.8 Jan.-June $14.8 -47.1 Thousand Oaks $44.1 Jan.-June $25.7 +71.9 Ventura $8.2 Jan.-June $5.5 +49.2 INFLATION RATE Southern California 2.31 June 1.07% +1.24 RETAIL SALES Cities by quarter (in millions of dollars) Camarillo $54.6 1994 Q4 $53.6 +1.9 Fillmore $10.1 1994 Q4 $8.6 +17.4 Moorpark $16.1 1994 Q4 $13.4 +20.5 Ojai $13.9 1994 Q4 $13.6 +2.3 Oxnard $272.4 1994 Q4 $243.0 +12.1 Port Hueneme $10.9 1994 Q4 $10.3 +5.5 Santa Paula $22.9 1994 Q4 $21.6 +6.2 Simi Valley $146.1 1994 Q4 $130.0 +12.4 Thousand Oaks $346.7 1994 Q4 $294.2 +17.8 Ventura $268.4 1994 Q4 $249.0 +7.8 HOTEL / MOTEL ROOM SALES (In millions of dollars) Camarillo 1.83 1995 Q1 1.85 -0.7 Ojai 3.38 1995 Q2 2.59 +30.8 Oxnard 2.95 1995 Q1 3.91 -24.5 Santa Paula 0.16 1995 Q2 0.15 +3.6 Simi Valley 1.61 1995 Q2 1.45 +11.0 Thousand Oaks 2.86 1995 Q2 2.51 +14.0 Ventura 3.95 1995 Q1 4.90 -19.3 MEDIAN HOME PRICES (In thousands of dollars) Ventura County $197.7 Jan.-June $205.5 -3.8 Camarillo $226.8 Jan.-May $227.3 -0.2 Fillmore $168.1 Jan.-May $147.8 +13.8 Moorpark $240.0 Jan.-May $221.3 +8.4 Ojai $214.0 Jan.-May $206.9 +3.4 Oxnard $174.4 Jan.-May $170.5 +2.3 Port Hueneme $134.2 Jan.-May $140.3 -4.3 Santa Paula $134.8 Jan.-May $147.5 -8.6 Simi Valley $178.7 Jan.-May $178.2 +0.3 Thousand Oaks $262.1 Jan.-May $263.4 -0.5 Ventura $185.9 Jan.-May $182.3 +2.0 HOME SALES Ventura County 2,597 Jan.-June 3,594 -27.7 MORTGAGE RATE Southern California average 7.40% 1995 Q2 6.30% +1.10 HOUSING VACANCY RATE Ventura County 5.0% 1995 5.0% +0.0 Camarillo 3.3% 1995 3.5% -0.2 Fillmore 4.3% 1995 4.0% +0.3 Moorpark 3.9% 1995 3.6% +0.3 Ojai 3.6% 1995 2.9% +0.7 Oxnard 5.0% 1995 5.3% -0.3 Port Hueneme 10.4% 1995 10.7% -0.3 Santa Paula 5.6% 1995 5.4% +0.2 Simi Valley 3.8% 1995 3.3% +0.5 Thousand Oaks 3.0% 1995 3.0% +0.0 Ventura 5.2% 1995 5.1% +0.1

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Prepared by: UC Santa Barbara Economic Forecast Project