Castle Rock’s job market maintained its positive trajectory in December 2023, adding a modest 75 new positions despite the traditional holiday hiring slowdown. While the pace slightly dipped compared to previous months, the overall trend suggests continued economic expansion and diversification in the Douglas County town.
Highlights:
- The unemployment rate held steady at 3.5%, remaining significantly below the national average.
- Healthcare and professional services led the job gains, adding 28 and 22 positions respectively.
- Leisure and hospitality saw a slight decline, likely due to seasonal adjustments.
- Construction remained stable, indicating ongoing residential and commercial development.
What Industries and Occupations Grew:
- Healthcare: Registered nurses, medical assistants, and home health aides were among the most in-demand positions.
- Professional Services: Accountants, marketing specialists, and software developers saw increased hiring.
- Construction: Electricians, carpenters, and construction laborers continued to be sought after.
- Retail Trade: Holiday hiring boosted positions in gift shops and specialty stores, which are expected to decline again in January.
What Industries and Occupations Shrunk:
- Leisure and Hospitality: Restaurants and hotels shed some seasonal positions as tourist visits decreased.
- Information Technology: Hiring slowed down compared to prior months, though the sector remains robust overall.
- Administrative Support: Demand for secretaries and receptionists dipped slightly.
Compare to Same Month Last Year:
- Castle Rock’s job market has grown substantially compared to December 2022, adding nearly 200 new positions over the year, representing a 3.2% increase.
- This growth outpaces the national average job growth of 1.8% for the same period.
Compare to Previous Month:
- The December job gain was lower than the average monthly increase of 100 new positions seen throughout 2023.
- This is likely due to seasonal factors and may not necessarily indicate a broader slowdown.
Future Outlook:
Castle Rock’s economic outlook remains positive, with projections for continued job growth in 2024. Key drivers include:
- Ongoing development in the healthcare and technology sectors.
- Increased tourism and outdoor recreation activities.
- Growing population and demand for housing, leading to construction activity.
10 Growing Occupations in Castle Rock (December 2023):
- Registered Nurse
- Software Developer
- Accountant
- Marketing Specialist
- Electrician
- Carpenter
- Construction Laborer
- Physician Assistant
- Human Resources Specialist
- Retail Salesperson
10 Companies Hiring Now in Castle Rock (December 2023):
- Banner Health
- Riot Platforms
- Douglas County School District
- Mercy Regional Medical Center
- RE/MAX Alliance
- Keller Williams Realty
- Chick-fil-A
- Chipotle
- Lowe’s
- Home Depot
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