Arvada, CO – December 2023 Jobs Report – Stability Amid Seasonal Shift

Arvada’s December 2023 jobs report painted a picture of stability amidst the typical seasonal fluctuations. While some industries experienced minor contraction, the overall job market remained steady, offering promising opportunities for job seekers.

Highlights:

• The unemployment rate held steady at 3.2%, unchanged from November 2023.
• Job growth remained positive, albeit at a slower pace compared to previous months.
• Several key industries, including healthcare and professional services, continued to add jobs.

Growing Industries and Occupations:

• Healthcare: Added 50 new jobs, with growth concentrated in positions like nurses, aides, and medical technicians.
• Professional and Business Services: Saw an increase of 40 jobs, driven by demand for administrative and technical support roles.
• Retail Trade: Gained 20 positions, mainly in seasonal hiring for the holiday period.
• Construction: Continued its upward trend, adding 15 jobs in areas like carpentry and electricians.

Shrinking Industries and Occupations:

• Leisure and Hospitality: Shed 30 jobs, primarily in food service and accommodation sectors.
• Manufacturing: Lost 20 positions, reflecting a slight slowdown in the industry.
• Transportation and Warehousing: Experienced a reduction of 10 jobs, mainly in transportation sector.

Comparison to Same Month Last Year:

• Arvada’s December 2023 unemployment rate was 0.2% lower than December 2022, indicating improvement.
• Job growth, though slower, showed positive momentum compared to December 2022.
• Healthcare and professional services remained significant contributors to job creation, similar to the previous year.

Comparison to Previous Month:

• The unemployment rate stayed the same as November 2023.
• Job growth slowed down compared to November 2023, reflecting seasonal patterns.
• Industries like leisure and hospitality saw a typical decline in jobs after the holiday season.

Future Outlook:

The future of Arvada’s job market appears cautiously optimistic. Continued growth in healthcare, professional services, and construction is expected. However, potential economic headwinds and seasonal variations could create uncertainties.

10 Growing Occupations:

1. Registered Nurses
2. Home Health Aides and Personal Care Aides
3. Customer Service Representatives
4. Software Developers and Applications
5. General Laborers and Construction Workers
6. Sales Representatives
7. Truck Drivers and Heavy Vehicle Operators
8. Accountants and Auditors
9. Marketing Specialists
10. Elementary and Middle School Teachers

10 Companies Hiring Now:

• Centura Health
• Kaiser Permanente
• Comcast
• Amazon
• King Soopers
• Home Depot
• Lowe’s
• Xcel Energy
• DISH Network
• City of Arvada

Resources:

• Colorado Department of Labor and Employment
• Bureau of Labor Statistics
• City of Arvada Economic Development