Overall unemployment rate moved up to 7.5% with the biggest shift in Transportation & Utilities, which gained 100 roles, based on the most recently available information published in February 2022.
Total employment in the Hanford-Corcoran, CA market rose by 221 jobs in December and the unemployment rate increased compared to the prior month by 20 bps to 7.5%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Hanford-Corcoran, CA unemployment rate is 381 bps above the national rate which is a negative sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in December versus prior month by -0.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Government: 14,300; -100
- Transportation & Utilities: 6,700; +100
- Education & Healthcare: 6,400; no change
- Restaurants & Hotels: 4,500; no change
- Manufacturing: 4,400; -100
- Business Services: 1,400; +100
- 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 December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.