Overall unemployment rate moved up to 6.6% with the biggest shift in Business Services, which lost 400 roles, based on the most recently available information published in May 2023.
Total employment in the Stockton-Lodi, CA market rose by 405 jobs in March and the unemployment rate increased compared to the prior month by 10 bps to 6.6%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Stockton-Lodi, CA unemployment rate is 298 bps above the national rate which is a negative sign.
- Unemployment in the market is 100 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in March versus prior month by -2.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 86,700; -400
- Government: 44,700; +100
- Education & Healthcare: 42,300; +400
- Restaurants & Hotels: 25,200; +300
- Business Services: 22,700; -400
- Manufacturing: 22,600; no change
- Construction, Mining: 14,500; -100
- Other Jobs: 8,100; no change
- Financial Services: 7,800; -100
- IT & Development: 1,200; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.