Employment Data
The data presented in this section come from the Bureau of Labor Statistics (BLS) and the Economic Development Department of California (EDD). One key theme we like to stress when looking at this data is the need for seasonal adjustments. The raw data published by the BLS and EDD are not adjusted for seasonality, making month-by-month comparisons of certain economic time series potentially misleading. Santa Barbara County is home to a large agricultural sector, a very seasonal industry. For example, spikes in unemployment at the end of harvesting season might, to some, suggest a negative economic indicator. This spike, however, could very much be less pronounced than in previous years, and should be seen more positively. Seasonally adjusting these time series accomplishes this. It removes these transitory fluctuations so that appropriate, pragmatic conclusions can be made when looking at the data.
