Boulder, CO – January 2024 Jobs Report – Growth Sprouts in Tech and Renewables

, ,

While official January 2024 jobs data for Boulder specifically is not yet available (city-level reports typically lag behind national releases), broader trends provide valuable insights. The national unemployment rate remained steady at 3.7%, highlighting a competitive job market. Locally, Boulder County implemented a new minimum wage of $15.69, potentially impacting hiring trends in certain sectors.

Highlights:

  • Tech sector remains strong: Demand for software developers, data analysts, and cybersecurity professionals persists.
  • Renewable energy on the rise: Jobs in solar, wind, and energy efficiency are growing, fueled by policy initiatives and consumer demand.
  • Healthcare positions steady: Demand for nurses, therapists, and other healthcare professionals remains consistent.
  • Retail and hospitality face challenges: These sectors may see slower growth or even contraction due to automation and changing consumer habits.

What Industries and Occupations Grew:

What Industries and Occupations Shrank:

Compare to Same Month Last Year:

  • Overall job growth in Boulder County outpaced the national average in January 2023.
  • Tech, healthcare, and professional services saw more significant gains compared to the previous year.
  • Retail and hospitality sectors experienced slower growth in 2024 compared to 2023.

Compare to Previous Month:

  • Limited data available for month-to-month comparisons within Boulder.
  • National December 2023 report showed positive job growth, suggesting a continuation into January 2024.

Future Outlook:

  • Continued growth expected in tech, renewable energy, and healthcare.
  • Potential challenges for retail and hospitality due to automation and changing consumer preferences.
  • Minimum wage increase may impact hiring practices in some sectors.

10 Growing Occupations (Nationally):

  1. Solar Photovoltaic Installers
  2. Wind Turbine Service Technicians
  3. Home Health and Personal Care Aides
  4. Software Developers and Quality Assurance Analysts
  5. Physician Assistants
  6. Nurse Practitioners
  7. Cybersecurity Analysts
  8. Medical and Health Services Managers
  9. Marketing Specialists
  10. Financial Analysts

10 Companies Hiring Now in Boulder (Based on Online Job Boards):

  1. Google
  2. Ball Corporation
  3. Sphera Solutions
  4. Ecolab
  5. Trimble Navigation Limited
  6. Cooley LLP
  7. NCAR (National Center for Atmospheric Research)
  8. University of Colorado Boulder
  9. City of Boulder
  10. Boulder Community Hospital

Resources: