Overall unemployment rate moved down to 10.7% with the biggest shift in Restaurants & Hotels, which lost 400 roles, based on the most recently available information published in March 2021.
Total employment in the Hanford-Corcoran, CA market declined by 7 jobs in January and the unemployment rate decreased compared to the prior month by 30 bps to 10.7%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Hanford-Corcoran, CA unemployment rate is 389 bps above the national rate which is a negative sign.
- Unemployment in the market is 130 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 5.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.0%. Key sectors include:
- Government: 13,900; -100
- Education & Healthcare: 6,700; no change
- Transportation & Utilities: 6,300; -100
- Manufacturing: 4,200; no change
- Restaurants & Hotels: 3,000; -400
- Business Services: 1,300; +100
- Construction, Mining: 1,000; no change
- Financial Services: 900; no change
- Other Jobs: 600; no change
- IT & Development: 200; +100
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.