CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com
ECONOMIC UPDATE
May 6, 2024
City of Camarillo
Economic Update
§
§
§
Employment
Source: US Department of Labor
Inflation
Source: US Department of Labor
Consumer
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09) Leading Indicators of Economic Activity
Source: The Conference Board
The Conference Board’s Leading Economic Index (LEI) dropped0.3% month-over-monthin March after registering the first increase in two years the prior month. The index declined 5.5% year-over-year. Primary factors for the decline include weaker business orders, lower consumer confidence and fewer building permits.
Housing
Source: US Department of Commerce Source: S&P
Local Economic Data
Camarillo Thousand Oaks Ventura County LA County California US Population1 70,282 124,265 832,871 9.7 million 38.9 Million 336.3 Million Change from April 1, 2020 (0.6%) (2.1%) (1.3%) (2.9%) (1.4%) +1.0% Unemployment Rate, March 20242 n/a n/a 4.6% 5.2% 5.3% 3.8% Year on Year Change2 n/a n/a +0.5% +0.2% +0.8% +0.3%
Medan Home Sale Price, March 20233 $875k $1,075k $870k $970k $8162k $420k Year on Year Change3 +22.0% +5.8% +10.0% (1.5%) +10.1% +4.8% Median Days on Market3 26 35 34 43 29 44
Sources:
1US Census: United States and California estimates as of 7/1/23, all other data as of 7/1/22 2US Bureau of Labor Statistics
3Redfin.com
Questions
Disclosures
2024 Chandler Asset Management, Inc., An independent Registered Investment Adviser This report is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is no intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.
Fixed income investments are subject to interest, credit and market risk. Interest risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally must pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.