Broomfield, CO – January 2024 Jobs Report – Layoffs Dampen Growth, Tech Sector Sees Losses

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The January 2024 jobs report for Broomfield, CO presents a mixed picture. While some sectors experienced growth, the news was dominated by a major layoff announcement from Broadcom, which impacted 184 positions at its VMware acquisition in the city. This overshadowed gains in other areas, leaving the overall job market cautious.

Highlights:

  • Broadcom’s layoffs in January, impacting 184 positions, led to job losses in the technology sector.
  • Despite the layoffs, some sectors like healthcare and finance saw continued growth.
  • Compared to the previous month, job growth remained stagnant.
  • Year-over-year comparison reveals slower growth compared to January 2023.

What Industries and Occupations Grew:

  • Healthcare industries, particularly hospitals and medical practices, added new positions.
  • Finance and insurance companies continued to hire for roles like accountants and financial analysts.
  • Education saw some growth in teaching and administrative positions.

What Industries and Occupations Shrank:

  • Technology, primarily due to the Broadcom layoffs, lost jobs in engineering, software development, and IT support.
  • Retail and hospitality sectors saw continued stagnation in hiring.
  • Manufacturing jobs remained flat compared to the previous month.

Compare to Same Month Last Year:

  • Job growth in January 2024 was slower compared to January 2023, indicating a potential cooling down of the Broomfield job market.
  • Specific data on the percentage change is unavailable at this time.

Compare to Previous Month:

  • Overall job growth remained stagnant compared to December 2023.
  • Some sectors like healthcare and finance continued adding jobs, while others like technology experienced losses.

Future Outlook:

  • The future outlook for the Broomfield job market remains uncertain due to conflicting factors.
  • While the Broadcom layoffs raise concerns, continued growth in healthcare and finance offers positive signs.
  • The overall economic climate and national job market trends will also play a role in shaping Broomfield’s employment landscape.

10 Growing Occupations (Based on National Trends):

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

10 Companies Hiring Now in Broomfield, CO (Based on Online Job Boards):

  1. SCL Health – Broomfield Hospital
  2. Ball Corporation
  3. FirstBank
  4. DaVita Kidney Care
  5. United Launch Alliance
  6. Interlocken Resort
  7. The Home Depot
  8. Lockheed Martin
  9. Stanley Black & Decker
  10. Xcel Energy

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