Overall unemployment rate moved down to 9.2% with the biggest shift in Government, which gained 500 roles, based on the most recently available information published in April 2022.
Total employment in the Visalia-Porterville, CA market rose by 2,194 jobs in February and the unemployment rate decreased compared to the prior month by 50 bps to 9.2%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Visalia-Porterville, CA unemployment rate is 506 bps above the national rate which is a negative sign.
- Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 4.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Government: 32,600; +500
- Transportation & Utilities: 30,300; -100
- Education & Healthcare: 18,600; +200
- Restaurants & Hotels: 13,400; +500
- Manufacturing: 12,900; no change
- Business Services: 10,600; no change
- Construction, Mining: 7,400; +300
- Financial Services: 3,800; no change
- Other Jobs: 3,600; no change
- IT & Development: 600; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.