Overall unemployment rate moved up to 10.2% with the biggest shift in Government, which lost 100 roles, based on the most recently available information published in July 2021.
Total employment in the Hanford-Corcoran, CA market declined by 1,036 jobs in June and the unemployment rate increased compared to the prior month by 110 bps to 10.2%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Hanford-Corcoran, CA unemployment rate is 411 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) grew in June versus prior month by 1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Government: 14,000; -100
- Transportation & Utilities: 6,300; no change
- Education & Healthcare: 6,300; no change
- Manufacturing: 4,800; +100
- Restaurants & Hotels: 3,700; -100
- Business Services: 1,200; no change
- Construction, Mining: 1,000; no change
- 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 June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.