Overall unemployment rate moved up to 7.9% with the biggest shift in Government, which gained 2,600 roles, based on the most recently available information published in September 2022.
Total employment in the Visalia-Porterville, CA market rose by 4,229 jobs in August and the unemployment rate increased compared to the prior month by 30 bps to 7.9%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Visalia-Porterville, CA unemployment rate is 411 bps above the national rate which is a negative sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 6.5% and are down 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: 32,500; +2,600
- Transportation & Utilities: 30,300; +300
- Education & Healthcare: 18,900; no change
- Restaurants & Hotels: 14,200; no change
- Manufacturing: 13,000; -100
- Business Services: 11,000; no change
- Construction, Mining: 7,600; no change
- Financial Services: 3,800; no change
- Other Jobs: 3,800; no change
- IT & Development: 700; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.