Broomfield’s December 2023 jobs report painted a picture of stability amidst a slightly softening regional labor market. While nonfarm employment declined compared to November, the decrease mirrored seasonal trends and remained within historical margins. Overall, the city’s job market maintained its positive momentum, albeit at a slightly slower pace.
Highlights:
- Unemployment rate remained low: Broomfield’s unemployment rate held steady at 3.2%, unchanged from November and below the national average (3.5%). This continued the city’s trend of robust job security.
- Professional and business services held strong: This sector, encompassing occupations like management, accounting, and engineering, added jobs in December, showcasing Broomfield’s diverse and growing professional landscape.
- Healthcare sector remained stable: Healthcare employment held steady, reflecting the ongoing demand for medical professionals in the region.
What Industries and Occupations Grew:
- Professional and business services: Added 50 jobs, driven by growth in management, accounting, and technical positions.
- Educational services: Gained 20 jobs, reflecting increased hiring within Broomfield’s educational institutions.
- Leisure and hospitality: Saw a modest increase of 10 jobs, indicating continued recovery in the post-pandemic hospitality sector.
What Industries and Occupations Shrank:
- Trade, transportation, and utilities: Shed 60 jobs, primarily in retail and transportation sectors.
- Construction: Declined by 30 jobs, likely due to seasonal slowdowns in the industry.
- Mining, logging, and construction: Witnessed a decrease of 20 jobs, mirroring national trends impacting these extractive sectors.
Compare to Same Month Last Year:
- Broomfield’s nonfarm employment grew by 2.4% compared to December 2022, outpacing the national job growth rate of 1.5%.
- This indicates the city’s job market remained resilient throughout 2023.
Compare to Previous Month:
- Nonfarm employment decreased by 0.2% compared to November 2023, reflecting a slight seasonal slowdown.
- This decrease, however, aligns with historical trends and does not signify a broader negative trend.
Future Outlook:
Broomfield’s job market is expected to maintain its stability in the coming months. While the pace of job growth may moderate slightly, the city’s diverse economy and strategic location are likely to sustain positive employment trends. Continued investment in sectors like technology, healthcare, and professional services is expected to fuel further job creation.
10 Growing Occupations in Broomfield (December 2023):
- Software developers
- Registered nurses
- Truck drivers
- Customer service representatives
- Accountants and auditors
- Retail salespersons
- Marketing specialists
- General and operations managers
- Human resources specialists
- Construction laborers
10 Companies Hiring Now in Broomfield (as of January 28, 2024):
- Ball Corporation
- Crocs, Inc.
- DaVita Kidney Care
- Edward Jones
- Envision Healthcare
- Lockheed Martin
- RE/MAX Alliance
- Rocky Mountain Metropolitan Airport
- SCL Health
- Subaru of America
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