The January 2024 jobs report for Arvada, CO, suggests a labor market in transition. While the unemployment rate dipped to a low 3.2%, down from 3.5% in December 2023, job growth showed signs of moderation.
Highlights
- The unemployment rate fell by 0.3 percentage points from December 2023.
- Job growth slowed in January, adding only 150 positions compared to 400 added in December 2023.
- Trade, transportation, and warehousing led job gains, adding 70 positions. Construction and professional and business services also added a modest number of jobs.
- Leisure and hospitality, and information both shed jobs in January.
Industry and Occupational Trends
Job growth:
- Trade, transportation, and warehousing (+70)
- Construction (+40)
- Professional and business services (+30)
Job losses:
- Leisure and hospitality (-20)
- Information (-10)
Comparison to previous periods
- Compared to January 2023, Arvada’s unemployment rate is down 0.8 percentage points.
- Job growth in January 2024 was slower than January 2023, which saw an increase of 500 jobs.
Future outlook
The Arvada metro area is anticipated to see continued job growth in 2024, though at a more measured pace. The healthcare and social assistance sector is projected to be a key driver of job creation, along with professional and business services.
10 Growing occupations in Arvada, CO (according to bls.gov):
- Registered nurses
- Customer service representatives
- Software developers, applications
- Retail salespersons
- General and operations managers
- Licensed practical nurses
- Physical therapist assistants and aides
- Electrical and electronics engineers
- Medical assistants
- Truck drivers, heavy and tractor-trailer
10 Companies hiring now in Arvada, CO:
- Kaiser Permanente
- City of Arvada
- Arvada Center for the Arts and Humanities
- Centura Health
- Schlumberger
- Comcast
- King Soopers
- Lowe’s
- Home Depot
- Enterprise Rent-A-Car
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