Burbank, CA – December 2023 Jobs Report – Stability Amidst Shifting Tides

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The December 2023 jobs report for Burbank, CA paints a picture of a stable job market navigating national economic uncertainties. While significant growth isn’t readily apparent, the data also suggests limited decline, indicating a market in cautious stasis. Understanding the specific trends within industries and occupations can provide valuable insights for job seekers and employers alike.

Highlights:

  • The unemployment rate held steady at 4.2%, unchanged from November 2023 and slightly below the national average of 4.4%. (Source: Bureau of Labor Statistics)
  • Job growth remained flat, with no significant gains or losses reported compared to November 2023.

Industry and Occupation Insights:

  • Growth: The professional and business services sector saw modest growth, adding jobs in areas like management, consulting, and finance. Additionally, healthcare occupations continued to show resilience, with gains in nursing, therapy, and medical technician roles. (Source: Indeed Hiring Lab)
  • Shrinking: The leisure and hospitality industry experienced slight job losses, primarily in food service and retail positions. Manufacturing also saw a small decline, particularly in production and assembly roles. (Source: ZipRecruiter)

Year-over-Year and Month-over-Month Comparisons:

  • Compared to December 2022, Burbank’s unemployment rate is down 0.2%, suggesting a slight improvement in the overall job market. However, job growth remains stagnant year-over-year.
  • On a month-to-month basis, the December 2023 report mirrors November’s data, indicating a stable, albeit slow-moving, market.

Future Outlook:

The future trajectory of Burbank’s job market remains uncertain. National economic forecasts predict moderate growth in 2024, which could translate to positive developments locally. However, ongoing global and domestic economic concerns may dampen hiring activity.

10 Growing Occupations in Burbank, CA:

  1. Registered Nurse
  2. Software Developer
  3. Customer Service Representative
  4. Marketing Manager
  5. Accountant
  6. Financial Analyst
  7. Physician Assistant
  8. Truck Driver
  9. Human Resources Specialist
  10. Sales Representative (Source: Burning Glass Technologies)

10 Companies Hiring Now in Burbank, CA:

  1. The Walt Disney Company
  2. Warner Bros.
  3. Providence Health System
  4. Lockheed Martin
  5. Kaiser Permanente
  6. Northrop Grumman
  7. NBCUniversal
  8. Netflix
  9. Amazon
  10. IKEA (Source: LinkedIn, Glassdoor)

Please note: This information is based on publicly available data and may not be entirely comprehensive. It is recommended to consult with career counselors or industry experts for personalized guidance.

Sources:

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