Share
Could Fresno County soon see its lowest monthly unemployment rate in more than a generation?
In data released Friday by California’s Employment Development Department, Fresno County had an unadjusted unemployment rate of 6.4% in May. In state records that date back to January 1990, the county’s jobless rate dipped that low only twice before — in October 2018 and September 2006.
During a slow but steady recovery from the Great Recession, when unemployment in Fresno County peaked at more than 18% in 2010, the jobless rate has remained under 9% since April 2017.
The current streak of 26 straight months with unemployment under 10% could be an all-time record for the county, said Steven Gutierrez, EDD labor market consultant in Fresno.
U.S. Unemployment Steady at 3.6%
The county’s 6.4% mark in September 2006 occurred in the middle of a nationwide economic expansion; the U.S. unemployment rate that month was 4.4%, the lowest in five years. About a year later, the housing bubble burst and the nation’s economy went into a tailspin.
This May’s unemployment rate in Fresno County was a significant improvement from the revised 7.7% reported in April, and a few ticks lower than the 6.8% recorded in May 2018.
Nathan Ahle, president and CEO of the Fresno County Chamber of Commerce, hailed the employment numbers. “This is further evidence that we have all the key components of a great team — a strong economic development team identifying opportunities for growth, workforce development and educational partners providing training and connecting employers to the people they need, an improving business-friendly environment in local government, and, above all, private entrepreneurs willing to make investments in Fresno County.”
Statewide, the May jobless rate was 4.2%, compared to 4.3% in April and 4.2% a year earlier. The U.S. unemployment rate held steady at 3.6% in May.
The EDD reported there were 414,900 Fresno County jobs filled in May, an increase of 12,000 from a year before. Employment in the farming industry was unchanged year over year, at 49,200.
The increase in employment was led by the educational and health services sector, which expanded by 7.2% in a year, from 69,400 jobs to 74,400. Gutierrez said growth in health services was strong even through the recession. That’s because of the region’s growing population. As it ages, it needs more medical and health-related services and products.
Big Distribution Centers Have Trickle-Down Effect
Other business sectors saw strong annual gains. Jobs in the construction industry increased by 4.8%, from 18,600 to 19,500. And the trade, transportation, and utilities sector grew by 5.3% to 69,800 jobs, spurred by opportunities at the massive Amazon and Ulta Beauty centers, along with an expansion of the Gap distribution operation in Fresno.
“When you have those type of things going into the local economy, it has a trickle-down effect,” Gutierrez said.
As for other central San Joaquin Valley counties, Tulare County tallied an 8.1% unadjusted unemployment rate, compared to 9.9% in April and 8.5% in May 2018. Madera County has a 6.3% rate, compared to 7.6% a month earlier and 6.5% year-over-year. And Merced County’s May rate was 7.3%, compared to 8.9% in April and 7.7% a year earlier.
Valley Crime Stoppers’ Most Wanted Person of the Day: Christopher Michael Asher
49 minutes ago
US Seeks One-Day Sentence for Police Officer Convicted in Breonna Taylor Case
1 hour ago
Wall Street CEOs See Some Tariff Impact Filtering Into Customer Behavior
2 hours ago
US House Poised to Send Stablecoin Bill to Trump After ‘Crypto Week’ Drama
2 hours ago
Manhattan Prosecutor Who Handled Epstein Cases Is Fired
2 hours ago
Why California Ag Is at Odds Over Converting Land to Solar Farms
2 hours ago
Fresno County Irrigation District Pitches 137% Fee Hike for More Kings River Flood Water
4 hours ago
Bakersfield Tax Return Preparer Pleads Guilty in $25 Million Fraud Scheme
17 hours ago
Russia Says Trump’s New Weapons Pledge a Signal for Ukraine to Abandon Peace Efforts
5 minutes ago
Categories

Russia Says Trump’s New Weapons Pledge a Signal for Ukraine to Abandon Peace Efforts

Israel’s Attacks on Damascus Hinder Chemical Weapons Search, Syrian Official Says

US Strikes Destroyed Only One of Three Iranian Nuclear Sites, NBC News Reports

Valley Crime Stoppers’ Most Wanted Person of the Day: Christopher Michael Asher

US Seeks One-Day Sentence for Police Officer Convicted in Breonna Taylor Case

Wall Street CEOs See Some Tariff Impact Filtering Into Customer Behavior

US House Poised to Send Stablecoin Bill to Trump After ‘Crypto Week’ Drama
