Chico, CA – December 2023 Jobs Report – Steady Growth Persists

, ,

The December 2023 jobs report for Chico, CA, indicates continued economic expansion, with the unemployment rate holding steady at 4.9%. However, the pace of job growth slowed slightly compared to previous months.

Overview:

  • The unemployment rate remained unchanged at 4.9%, matching November’s figure.
  • The Chico Metropolitan Statistical Area (MSA) added 200 jobs in December, bringing the total number of employed residents to 89,900.
  • Year-over-year job growth sits at 3.1%, slightly above the national average of 2.9%.

Highlights:

  • The Leisure and Hospitality industry saw the most significant job gains, adding 100 positions.
  • Professional and Business Services followed closely with 50 new jobs.
  • Trade, Transportation, and Utilities experienced modest growth, adding 30 jobs.

Industry and Occupation Growth:

Industry and Occupation Shrinkage:

  • Construction (-0.2%): Minor decline, potentially due to seasonal fluctuations.
  • Information (-0.1%): Small decrease, concentrated in telecommunications and broadcasting.

Comparison to Last Year:

  • December 2023 saw higher job growth compared to December 2022 (200 vs. 150).
  • The unemployment rate is lower than December 2022 (4.9% vs. 5.2%).

Comparison to Previous Month:

  • Job growth slowed compared to November 2023 (200 vs. 300).
  • The unemployment rate remained unchanged.

Future Outlook:

  • The future economic outlook for Chico is cautiously optimistic.
  • Continued growth is expected in sectors like Leisure and Hospitality, Professional and Business Services, and Healthcare.
  • Potential challenges include rising interest rates and inflation.

10 Growing Occupations:

  1. Personal Care Aides
  2. Home Health Aides
  3. Registered Nurses
  4. Software Developers and Applications Developers
  5. Retail Salespersons
  6. Customer Service Representatives
  7. Truck Drivers
  8. Nursing Assistants
  9. Elementary School Teachers
  10. Chefs and Head Cooks

10 Companies Hiring Now:

Resources:

  • Bureau of Labor Statistics
  • City of Chico
  • Indeed