Daly City, CA – December 2023 Jobs Report – A Season of Stability with Cautious Optimism

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The December 2023 jobs report for Daly City paints a picture of stability in the local labor market, with modest growth across various sectors. While some industries experienced contraction, the overall trend suggests a resilient economy poised for cautious optimism in the coming months.

Highlights:

  • The unemployment rate remained steady at 3.4%, mirroring the national average [1].
  • Nonfarm job growth continued at a slow but consistent pace, adding 83 positions in December [1].
  • Trade, Transportation, and Utilities emerged as the leading growth sector, adding 19 jobs [1].
  • Healthcare and Social Assistance also saw positive momentum, gaining 15 positions [1].

What Industries and Occupations Grew:

  • Trade, Transportation, and Utilities: This sector benefited from the continued strength of e-commerce and logistics, with jobs in warehousing, delivery, and transportation experiencing growth [2].
  • Healthcare and Social Assistance: An aging population and increasing demand for healthcare services fueled job creation in this sector, particularly in nursing, home health aide, and therapist roles [2].
  • Professional and Business Services: This sector saw modest growth, with jobs in management, consulting, and administrative support adding to the local economy [2].

What Industries and Occupations Shrank:

  • Construction: This sector experienced a slight decline, losing 8 jobs in December [1]. This could be attributed to the completion of major construction projects in the area.
  • Manufacturing: Manufacturing jobs remained flat, with no significant changes reported [1].
  • Leisure and Hospitality: This sector saw a small decline, losing 5 jobs [1]. This could be due to seasonal fluctuations in tourism and hospitality.

Compare to Same Month Last Year:

  • Compared to December 2022, Daly City’s nonfarm employment increased by 1.3%, exceeding the national average growth rate of 0.7% [1].
  • This suggests a relatively robust local economy compared to the broader national landscape.

Compare to Previous Month:

  • Compared to November 2023, nonfarm employment remained largely unchanged, indicating a stable job market [1].

Future Outlook:

The future outlook for Daly City’s job market is cautiously optimistic. The continued growth in key sectors like Trade, Transportation, and Utilities, and Healthcare and Social Assistance suggests potential for sustained job creation. However, headwinds like rising interest rates and global economic uncertainties could pose challenges in the coming months.

10 Growing Occupations in Daly City, CA:

  1. Registered Nurses
  2. Home Health Aides and Personal Care Aides
  3. Customer Service Representatives
  4. Delivery Drivers
  5. Warehouse Workers
  6. Software Developers and Applications Developers
  7. Marketing Specialists
  8. Accountants and Auditors
  9. Elementary and Middle School Teachers
  10. Physical Therapists

10 Companies Hiring Now in Daly City, CA:

  1. Kaiser Permanente
  2. City of Daly City
  3. San Mateo County Health System
  4. United Parcel Service (UPS)
  5. Amazon
  6. The Home Depot
  7. Target
  8. Safeway
  9. Costco Wholesale
  10. Wells Fargo

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