Overall unemployment rate moved down to 6.5% with the biggest shift in Government, which gained 300 roles, based on the most recently available information published in June 2022.
Total employment in the Visalia-Porterville, CA market rose by 4,694 jobs in May and the unemployment rate decreased compared to the prior month by 90 bps to 6.5%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Visalia-Porterville, CA unemployment rate is 312 bps above the national rate which is a negative sign.
- Unemployment in the market is 420 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 2.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Government: 33,100; +300
- Transportation & Utilities: 29,900; -200
- Education & Healthcare: 18,600; -100
- Restaurants & Hotels: 14,000; +100
- Manufacturing: 13,000; no change
- Business Services: 10,900; +100
- Construction, Mining: 7,600; +200
- Financial Services: 3,800; no change
- Other Jobs: 3,800; +100
- IT & Development: 700; +100
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.