Overall unemployment rate moved down to 7.4% with the biggest shift in Restaurants & Hotels, which gained 500 roles, based on the most recently available information published in June 2022.
Total employment in the Visalia-Porterville, CA market rose by 3,759 jobs in April and the unemployment rate decreased compared to the prior month by 110 bps to 7.4%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Visalia-Porterville, CA unemployment rate is 406 bps above the national rate which is a negative sign.
- Unemployment in the market is 450 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 2.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Government: 32,700; no change
- Transportation & Utilities: 30,100; -200
- Education & Healthcare: 18,800; +200
- Restaurants & Hotels: 14,000; +500
- Manufacturing: 13,000; +100
- Business Services: 10,800; +100
- Construction, Mining: 7,400; no change
- Financial Services: 3,800; no change
- Other Jobs: 3,800; +100
- IT & Development: 600; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.