The January 2024 jobs report for Concord, CA, indicates a job market navigating a period of cautious optimism. While the economy continues to add jobs, the pace of growth has slowed compared to recent months.
Highlights
- Job growth slowed in January 2024, adding only 150 positions compared to 400 added in December 2023.
- The unemployment rate remained steady at 3.9%.
- The technology sector continued to be a bright spot, adding 70 new jobs in January.
- Construction and retail trade both shed a small number of jobs.
Industry and Occupational Trends
Job growth:
- Technology (+70)
- Professional and business services (+40)
- Healthcare and social assistance (+30)
Job losses:
- Construction (-20)
- Retail trade (-10)
Comparison to previous periods
- Concord’s unemployment rate in January 2024 is 0.8 percentage points lower than January 2023.
- Job growth in January 2024 was slower than January 2023, which saw an increase of 500 jobs.
Future outlook
The outlook for Concord’s job market in 2024 remains positive, with the tech sector expected to continue driving growth. However, the pace of expansion is likely to moderate compared to the past few years.
10 Growing occupations in Concord, CA (according to bls.gov):
- Software developers, applications
- Registered nurses
- Customer service representatives
- Computer user support specialists
- Marketing specialists
- Management analysts
- Medical and health services managers
- Database administrators
- Accountants and auditors
- Financial analysts
10 Companies hiring now in Concord, CA:
- Sutter Health
- The Home Depot
- Chevron
- Kaiser Permanente
- City of Concord
- United Parcel Service (UPS)
- Diablo Valley College
- Costco Wholesale
- Wells Fargo
- Ross Stores
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