Overall unemployment rate moved up to 10.6% with the biggest shift in Government, which gained 700 roles, based on the most recently available information published in April 2023.
Total employment in the Visalia-Porterville, CA market rose by 1,346 jobs in February and the unemployment rate increased compared to the prior month by 70 bps to 10.6%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Visalia-Porterville, CA unemployment rate is 671 bps above the national rate which is a negative sign.
- Unemployment in the market is 130 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 8.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Government: 34,000; +700
- Transportation & Utilities: 30,400; -300
- Education & Healthcare: 20,700; +400
- Manufacturing: 14,100; no change
- Restaurants & Hotels: 14,000; +300
- Business Services: 11,600; no change
- Construction, Mining: 7,200; no change
- Other Jobs: 4,000; no change
- Financial Services: 3,800; no change
- IT & Development: 600; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.