Overall unemployment rate moved up to 9.2% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in April 2023.
Total employment in the Hanford-Corcoran, CA market rose by 542 jobs in February and the unemployment rate increased compared to the prior month by 50 bps to 9.2%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Hanford-Corcoran, CA unemployment rate is 531 bps above the national rate which is a negative sign.
- Unemployment in the market is 70 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 11% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.1% . Key sectors include:
- Government: 14,900; +400
- Education & Healthcare: 7,000; +100
- Transportation & Utilities: 6,500; no change
- Manufacturing: 5,000; +100
- Restaurants & Hotels: 4,400; +100
- Business Services: 1,900; no change
- Construction, Mining: 1,400; +200
- Financial Services: 900; no change
- Other Jobs: 800; no change
- IT & Development: 100; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.