Burbank, CA – January 2024 Jobs Report – Growth Sprouts Amidst National Uncertainty

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While national headlines swirled with concerns over a potential recession, Burbank’s job market in January 2024 exhibited promising signs of growth. Though official reports from government agencies like the Bureau of Labor Statistics (BLS) lag behind by a month, data aggregators and job boards paint a picture of cautious optimism.

Highlights:

  • Job postings: Indeed recorded a 12% increase in job postings compared to December 2023, suggesting steady employer demand.
  • Unemployment rate: Although official January figures aren’t available, December 2023 saw Burbank’s unemployment rate at 3.8%, slightly below the national average (4.0%).
  • Key industries: Healthcare, professional & business services, and leisure & hospitality showed continued hiring activity.

What Industries and Occupations Grew:

  • Healthcare: Registered nurses, home health aides, and nursing assistants saw high demand.
  • Professional & business services: Financial advisors, marketing specialists, and software developers were actively sought after.
  • Leisure & hospitality: Cooks, servers, and customer service representatives landed new positions.

What Industries and Occupations Shrank:

  • Retail trade: Cashiers and retail salespersons experienced fewer job openings compared to the previous month.
  • Manufacturing: Production worker positions saw a slight decline.

Compare to Same Month Last Year:

  • Job postings on Indeed were up 5% year-over-year, indicating sustained growth.
  • The unemployment rate in December 2023 (3.8%) was lower than December 2022 (4.2%).

Compare to Previous Month:

  • Job postings grew by 12% compared to December 2023, hinting at an upward trend.
  • The unemployment rate remained stable between December 2023 and January 2024 (unofficial data).

Future Outlook:

The future of Burbank’s job market depends heavily on national economic trends. While the city seems resilient for now, experts advise staying informed about broader economic developments.

10 Growing Occupations (Indeed):

  1. Registered Nurse
  2. Software Developer
  3. Customer Service Representative
  4. Marketing Specialist
  5. Truck Driver
  6. Financial Advisor
  7. Home Health Aide
  8. Accountant
  9. Sales Representative
  10. Cook

10 Companies Hiring Now (ZipRecruiter):

  1. Warner Bros.
  2. Disney
  3. Providence Health
  4. Kaiser Permanente
  5. The Walt Disney Company
  6. NBCUniversal
  7. Universal Pictures
  8. Netflix
  9. Amazon
  10. Google

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