Overall unemployment rate moved up to 9.5% with the biggest shift in Transportation & Utilities, which lost 1,000 roles, based on the most recently available information published in March 2022.
Total employment in the Visalia-Porterville, CA market rose by 4,738 jobs in January and the unemployment rate increased compared to the prior month by 110 bps to 9.5%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Visalia-Porterville, CA unemployment rate is 507 bps above the national rate which is a negative sign.
- Unemployment in the market is 200 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 9.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.3%. Key sectors include:
- Government: 32,000; -300
- Transportation & Utilities: 30,300; -1,000
- Education & Healthcare: 18,500; +100
- Manufacturing: 12,900; no change
- Restaurants & Hotels: 12,800; -300
- Business Services: 10,700; -100
- Construction, Mining: 7,100; -100
- Financial Services: 3,800; no change
- Other Jobs: 3,600; no change
- IT & Development: 600; -100
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.