Overall unemployment rate moved down to 11.4% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in April 2021.
Total employment in the Visalia-Porterville, CA market rose by 2,272 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 11.4%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Visalia-Porterville, CA unemployment rate is 485 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Government: 30,700; +100
- Transportation & Utilities: 27,100; -300
- Education & Healthcare: 18,100; +200
- Manufacturing: 12,400; +200
- Business Services: 10,100; +200
- Restaurants & Hotels: 9,600; +1,200
- Construction, Mining: 6,300; +100
- Financial Services: 3,700; no change
- Other Jobs: 2,900; +100
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.