The Clovis job market maintained stable growth in December 2023, defying national trends marked by volatility. While the U.S. unemployment rate rose slightly, Clovis saw its rate dip to 3.9%, showcasing continued economic resilience.
Highlights:
- Unemployment rate: 3.9%, down from 4.1% in November 2023 and 4.3% in December 2022.
- Job growth: Added 240 jobs month-over-month, primarily in healthcare and professional services.
- Year-over-year growth: Gained 1,480 jobs compared to December 2022, representing a 2.6% increase.
What Industries and Occupations Grew:
- Healthcare: Added 80 jobs, driven by demand for registered nurses, home health aides, and medical assistants.
- Professional and Business Services: Gained 60 positions, including growth in customer service representatives, accountants, and marketing specialists.
- Retail Trade: Increased by 40 jobs, with hiring concentrated in sales associates and cashiers for the holiday season.
What Industries and Occupations Shrank:
- Leisure and Hospitality: Lost 20 jobs, primarily in food service and accommodation sectors.
- Manufacturing: Declined by 10 positions, mainly in production and assembly roles.
Compare to Same Month Last Year:
- The unemployment rate was 0.4% lower than December 2022.
- Job growth was slightly slower compared to December 2022 (+240 vs. +280).
- Healthcare and professional services continued to be the leading sectors for job creation.
Compare to Previous Month:
- Unemployment rate dipped from 4.1% in November 2023.
- Job growth accelerated from +180 positions in November.
- Healthcare remained the top industry for job gains, while professional services saw stronger growth compared to November.
Future Outlook:
The Clovis job market is expected to maintain its positive trajectory in 2024. Growth is anticipated in healthcare, professional services, and technology sectors, fueled by an aging population, increasing business activity, and the growing prominence of the tech industry in the region. However, potential economic headwinds like inflation and rising interest rates could pose challenges.
10 Growing Occupations in Clovis, CA (December 2023):
- Registered Nurse
- Home Health Aide
- Customer Service Representative
- Software Developer
- Accountant
- Marketing Specialist
- Sales Associate
- Cashier
- Physician Assistant
- Teacher
10 Companies Hiring Now in Clovis, CA (February 2024):
- Clovis Community Medical Center
- Amazon Distribution Center
- Target
- Walmart
- Home Depot
- Lowe’s
- Costco Wholesale
- Saint Agnes Medical Center
- Valley Children’s Hospital
- Clovis Unified School District
Resources:
- City of Clovis Economic Development Department
- California Employment Development Department
- Bureau of Labor Statistics