Compton, CA – December 2023 Jobs Report – Modest Gains Amid Broader Slowdown

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Compton’s job market saw a mixed bag in December 2023, adding jobs at a slower pace compared to previous months while staying afloat amidst a nationwide economic slowdown. The city’s unemployment rate held steady at 5.2%, mirroring the national average.

Highlights:

  • Job growth: Compton added 250 jobs in December, marking a 0.2% increase in total non-farm employment. This follows a more robust 0.5% growth in November.
  • Sectors: The gains were primarily driven by the professional and business services sector (+120 jobs), followed by education and health services (+80 jobs).
  • Losses: Trade, transportation, and utilities (-50 jobs) and leisure and hospitality (-40 jobs) shed jobs last month.

What Industries and Occupations Grew:

  • Professional and business services: Professional, scientific, and technical services (+50 jobs) led the charge, followed by management, administration, and waste management occupations (+40 jobs).
  • Education and health services: Healthcare practitioners and technical occupations (+40 jobs) and educational support activities (+30 jobs) saw notable gains.

What Industries and Occupations Shrank:

  • Trade, transportation, and utilities: Transportation and material moving occupations (-30 jobs) and sales and related occupations (-20 jobs) experienced losses.
  • Leisure and hospitality: Food service and drinking establishments (-30 jobs) bore the brunt of job losses in this sector.

Compare to Same Month Last Year:

  • Compton’s job market has added 1,800 jobs since December 2022, representing a 1.5% year-over-year increase. This growth outpaces the national average of 1.1%.
  • The unemployment rate has remained relatively stable, hovering around 5.2% throughout the year, compared to 5.5% in December 2022.

Compare to Previous Month:

  • December’s job growth marks a slowdown compared to November 2023, which saw an addition of 420 jobs.
  • The unemployment rate remained unchanged from November to December.

Future Outlook:

  • The near-term outlook for Compton’s job market remains uncertain. National economic forecasts predict continued moderation in 2024, potentially impacting local hiring activity.
  • However, Compton’s strategic location within the Los Angeles metropolitan area and ongoing investments in infrastructure and logistics could provide some buffer against broader economic headwinds.

10 Growing Occupations in Compton (December 2023):

  1. Registered nurses
  2. Personal care aides
  3. Home health aides
  4. Software developers
  5. Retail salespersons
  6. Truck drivers
  7. General labor workers
  8. Customer service representatives
  9. Management analysts
  10. Accountants and auditors

10 Companies Hiring Now in Compton (December 2023):

  1. Amazon
  2. FedEx
  3. Kaiser Permanente
  4. St. John’s Medical Center
  5. Comcast
  6. Toyota
  7. Honda
  8. City of Compton
  9. Compton Unified School District
  10. El Camino College

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