Overall unemployment rate moved up to 9.9% with the biggest shift in Transportation & Utilities, which lost 900 roles, based on the most recently available information published in March 2023.
Total employment in the Visalia-Porterville, CA market rose by 501 jobs in January and the unemployment rate increased compared to the prior month by 170 bps to 9.9%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Visalia-Porterville, CA unemployment rate is 604 bps above the national rate which is a negative sign.
- Unemployment in the market is 20 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 9.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.1%. Key sectors include:
- Government: 33,200; -500
- Transportation & Utilities: 30,700; -900
- Education & Healthcare: 20,300; +100
- Manufacturing: 14,100; no change
- Restaurants & Hotels: 13,100; -800
- Business Services: 11,200; -500
- Construction, Mining: 7,300; -300
- Other Jobs: 4,000; no change
- Financial Services: 3,800; no change
- IT & Development: 600; -100
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.