Overall unemployment rate moved down to 9.7% with the biggest shift in Restaurants & Hotels, which gained 300 roles, based on the most recently available information published in June 2023.
Total employment in the Visalia-Porterville, CA market rose by 4,533 jobs in April and the unemployment rate decreased compared to the prior month by 170 bps to 9.7%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Visalia-Porterville, CA unemployment rate is 660 bps above the national rate which is a negative sign.
- Unemployment in the market is 200 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in April versus prior month by 11.8% 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: 34,400; +100
- Transportation & Utilities: 30,200; no change
- Education & Healthcare: 20,700; +200
- Restaurants & Hotels: 14,300; +300
- Manufacturing: 14,200; no change
- Business Services: 11,700; no change
- Construction, Mining: 7,600; +200
- Other Jobs: 4,100; +100
- Financial Services: 3,800; no change
- IT & Development: 600; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.