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2017 CIP Flyer


Update:
 August Employment and Housing Data Now Available!



 

August employment data shows continued weakness in Santa Barbara County labor markets. Civilian employment increased by a mere 0.1% over the past year and nonfarm payrolls increased by 0.1% in August. The unemployment rate, which is currently at 4.8%, has increased by 0.3 percentage points since May. The industries with the largest declines over the past year remain Professional Business Services (-4.9%) and Information (4.1%). Bright spots in the local labor market remain the Leisure and Hospitality as well as Goods Producing, with strong gains over the past year continuing in August. See all the numbers and remaining employment data here.


 

August housing data shows some signs of improvement in local housing markets. Santa Barbara's Zillow Home Value Index (ZHVI) grew by 0.4% in August, matching the growth of California and the United States. However, the year over year growth in Santa Barbara (1.8%) remains far below that of California (7.1%) and the United States (6.9%). The market health index -- Zillow's measure of market healthiness that ranges from 0 to 10 and is based on a combination of home value growth, foreclosure rates, home equity, and market inventories -- improved from 5.9 to 7.6. Within the county, all cities had gains in August with Montecito's home values growing the largest (0.5%) and Carpinteria's home values growing the smallest (0.0%). Montecito, Carpinteria, and Lompoc have all had growth rates above 6.6% in the past year, while the rest of the county has had growth rates below 3.1%. See all the numbers and remaining housing data here.

Recent Content

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View the latest housing and employment data.  
  • Latest Employment Data: 9/15/2017
  • Latest Housing Data: 9/20/2017
Mollie-Crutcher-Photography-UCSB-ES-2015-7827

Check out coverage and full presentations from our 2017 South County and North County Economic Summits.

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Read articles describing the latest local data and articles discussing various features of the local economy (seasonality, banking industry concentration, etc.).