Overall unemployment rate moved down to 8.0% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in November 2021.
Total employment in the Hanford-Corcoran, CA market rose by 575 jobs in September and the unemployment rate decreased compared to the prior month by 100 bps to 8.0%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Hanford-Corcoran, CA unemployment rate is 344 bps above the national rate which is a negative sign.
- Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 3.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Government: 14,200; +400
- Transportation & Utilities: 6,300; no change
- Education & Healthcare: 6,300; -100
- Manufacturing: 5,000; -100
- Restaurants & Hotels: 4,500; +100
- Business Services: 1,300; no change
- Construction, Mining: 1,000; no change
- Financial Services: 800; -100
- Other Jobs: 700; no change
- IT & Development: 100; no change
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.