Overall unemployment rate moved down to 9.1% with the biggest shift in Manufacturing, which gained 200 roles, based on the most recently available information published in September 2021.
Total employment in the Hanford-Corcoran, CA market declined by 238 jobs in August and the unemployment rate decreased compared to the prior month by 50 bps to 9.1%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Hanford-Corcoran, CA unemployment rate is 381 bps above the national rate which is a negative sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 6.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Government: 13,800; +100
- Transportation & Utilities: 6,300; no change
- Education & Healthcare: 6,300; no change
- Manufacturing: 5,100; +200
- Restaurants & Hotels: 4,000; no change
- Business Services: 1,300; no change
- Construction, Mining: 1,000; -100
- Financial Services: 900; no change
- Other Jobs: 700; no change
- IT & Development: 100; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.