Overall unemployment rate moved down to 7.3% with the biggest shift in Manufacturing, which lost 300 roles, based on the most recently available information published in December 2021.
Total employment in the Hanford-Corcoran, CA market declined by 108 jobs in November and the unemployment rate decreased compared to the prior month by 50 bps to 7.3%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Hanford-Corcoran, CA unemployment rate is 341 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in November versus prior month by -0.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Government: 14,400; +100
- Transportation & Utilities: 6,700; +200
- Education & Healthcare: 6,300; no change
- Manufacturing: 4,500; -300
- Restaurants & Hotels: 4,500; no change
- Business Services: 1,300; no change
- Construction, Mining: 1,100; +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 November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.