Overall unemployment rate moved up to 8.4% with the biggest shift in Government, which lost 1,300 roles, based on the most recently available information published in February 2022.
Total employment in the Visalia-Porterville, CA market declined by 3,547 jobs in December and the unemployment rate increased compared to the prior month by 20 bps to 8.4%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Visalia-Porterville, CA unemployment rate is 471 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 December versus prior month by 9.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.2%. Key sectors include:
- Government: 32,400; -1,300
- Transportation & Utilities: 31,000; no change
- Education & Healthcare: 17,000; no change
- Manufacturing: 12,400; -100
- Restaurants & Hotels: 11,400; no change
- Business Services: 10,600; -100
- Construction, Mining: 6,700; no change
- Financial Services: 3,700; +100
- Other Jobs: 3,000; -100
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.