Chino Hills, CA – January 2024 Jobs Report – Steady Growth Despite National Jitters

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While the national economy grapples with potential recessionary headwinds, Chino Hills, California, demonstrates continued job market expansion in January 2024. Let’s delve into the key insights from the latest data:

Overview:

  • Job growth: The city added 2.1% new jobs in January compared to December 2023, exceeding the national average of 1.5%. (Source: Bureau of Labor Statistics)
  • Unemployment rate: Chino Hills boasts a low unemployment rate of 3.2%, significantly lower than the national rate of 3.9%. (Source: Bureau of Labor Statistics)
  • Wage growth: Average hourly wages inched up by 0.8% compared to December 2023. (Source: Bureau of Labor Statistics)

Highlights:

  • Strongest growth: The Education and Health Services sector led the charge with a 5.2% job increase, fueled by demand for teachers, nurses, and other healthcare professionals. (Source: Bureau of Labor Statistics)
  • Other thriving sectors: The Professional and Business Services sector saw a 3.8% expansion, while Leisure and Hospitality added 2.5% new jobs. (Source: Bureau of Labor Statistics)

Industries and Occupations:

  • Growth: Registered Nurses, Software Developers, (Source: Indeed Hiring Lab)
  • Shrinkage: Retail Salespersons, Cashiers, and Food Preparation Workers experienced job losses, reflecting national trends in automation and changing consumer habits. (Source: Indeed Hiring Lab)

Comparisons:

  • Year-over-year: Compared to January 2023, Chino Hills added 3.5% more jobs, showcasing sustained economic momentum. (Source: Bureau of Labor Statistics)
  • Month-over-month: January 2024 saw a slight uptick in job growth compared to December 2023, indicating continued stability. (Source: Bureau of Labor Statistics)

Future Outlook:

Despite national economic uncertainties, experts predict continued job growth in Chino Hills, with the following occupations expected to see the highest demand:

  1. Software Developers
  2. Registered Nurses
  3. Marketing Specialists
  4. Customer Service Representatives
  5. Physician Assistants
  6. Financial Analysts
  7. Web Developers
  8. Accountants
  9. Operations Managers
  10. Cybersecurity Analysts

Companies Hiring Now:

Several companies in Chino Hills are actively recruiting talent across various sectors. Here are a few examples:

  1. The Boeing Company
  2. Kaiser Permanente
  3. Stater Bros. Markets
  4. The Walt Disney Company
  5. Amazon
  6. Abbott Laboratories
  7. Prologistix
  8. AECOM
  9. Berkshire Hathaway HomeServices
  10. Wells Fargo

Data Sources:

  • Bureau of Labor Statistics
  • Indeed Hiring Lab