Overall unemployment rate moved down to 10.7% with the biggest shift in Restaurants & Hotels, which lost 200 roles, based on the most recently available information published in April 2021.
Total employment in the Hanford-Corcoran, CA market rose by 249 jobs in February and the unemployment rate decreased compared to the prior month by 20 bps to 10.7%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Hanford-Corcoran, CA unemployment rate is 415 bps above the national rate which is a negative sign.
- Unemployment in the market is 90 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 5.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Government: 14,000; +100
- Education & Healthcare: 6,700; +100
- Transportation & Utilities: 6,100; no change
- Manufacturing: 4,300; +100
- Restaurants & Hotels: 2,500; -200
- Business Services: 1,300; no change
- Construction, Mining: 1,000; no change
- Financial Services: 900; no change
- Other Jobs: 600; no change
- IT & Development: 100; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.