Overall unemployment rate moved down to 5.8% with the biggest shift in Government, which gained 300 roles, based on the most recently available information published in November 2022.
Total employment in the Hanford-Corcoran, CA market rose by 231 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 5.8%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Hanford-Corcoran, CA unemployment rate is 248 bps above the national rate which is a negative sign.
- Unemployment in the market is 200 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 16% and are up 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: 14,700; +300
- Transportation & Utilities: 7,000; +100
- Education & Healthcare: 6,600; -100
- Manufacturing: 4,600; no change
- Restaurants & Hotels: 4,400; -100
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.