Overall unemployment rate moved up to 11.3% with the biggest shift in Transportation & Utilities, which lost 200 roles, based on the most recently available information published in May 2023.
Total employment in the Visalia-Porterville, CA market declined by 1,687 jobs in March and the unemployment rate increased compared to the prior month by 50 bps to 11.3%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Visalia-Porterville, CA unemployment rate is 768 bps above the national rate which is a negative sign.
- Unemployment in the market is 250 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 13.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Government: 34,300; +200
- Transportation & Utilities: 30,200; -200
- Education & Healthcare: 20,500; -200
- Manufacturing: 14,200; +100
- Restaurants & Hotels: 14,100; +100
- Business Services: 11,700; +100
- Construction, Mining: 7,300; 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 March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.