Berkeley, CA – January 2024 Jobs Report – Renewed Optimism Amidst Uncertainties

, ,

The January 2024 jobs report for Berkeley paints a cautiously optimistic picture, mirroring broader national trends. While data for specific industries and occupations within the city isn’t readily available, insights can be gleaned from regional and national reports alongside local trends.

Highlights:

  • Job growth: Although specific figures aren’t available for Berkeley, the Bay Area saw job growth of 1.3% in January, exceeding national averages. This suggests a positive outlook for Berkeley’s job market.
  • Renewed optimism: Local experts report increased activity in the real estate market, potentially signaling growing confidence in the local economy and job opportunities.
  • National trends: The national unemployment rate dropped to 3.4% in January, indicating a tight labor market that could benefit Berkeley job seekers.

Industries and Occupations (using national data):

  • Growth: Healthcare, professional and business services, and leisure and hospitality are projected to see the most significant job growth in 2024. Within these sectors, occupations like registered nurses, software developers, and personal care aides are expected to be in high demand.
  • Shrinkage: Retail trade and manufacturing are anticipated to see job losses nationwide. However, the impact on Berkeley’s specific industries remains unclear.

Comparison to Same Month Last Year:

  • Direct comparisons with January 2023 are challenging without local data. However, national reports indicate a stronger January 2024 in terms of job growth and unemployment rate, suggesting potential improvement in Berkeley’s job market as well.

Comparison to Previous Month:

  • Information on month-over-month changes within Berkeley is limited. However, regional data shows the Bay Area adding 11,500 jobs between December 2023 and January 2024, suggesting a positive trend.

Future Outlook:

  • The outlook for Berkeley’s job market is cautiously optimistic. While economic uncertainties persist, national trends and local expert insights suggest potential for continued growth in 2024.

10 Growing Occupations (Nationally):

  1. Registered Nurses
  2. Software Developers and Applications
  3. Personal Care Aides
  4. Wind Turbine Service Technicians
  5. Home Health and Personal Care Aides
  6. Solar Photovoltaic Installers
  7. Medical and Clinical Laboratory Technicians
  8. Physician Assistants
  9. Cybersecurity Analysts
  10. Physical Therapist Assistants and Aides

10 Companies Hiring Now in Berkeley, CA (Based on Online Job Boards):

  1. University of California, Berkeley
  2. City of Berkeley
  3. Lawrence Berkeley National Laboratory
  4. Kaiser Permanente
  5. Pegasystems
  6. Wells Fargo
  7. McKesson Corporation
  8. Genentech
  9. Amazon
  10. Google

Resources: