El Monte, CA – December 2023 Jobs Report – Steady Hiring Momentum Amidst National Slowdown

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El Monte’s job market closed out 2023 on a stable note, defying the national trend of slowing job growth. While the December report showed a slight decrease in new positions compared to November, hiring remained consistent with earlier months, indicating a resilient local economy.

Highlights:

  • Job growth: El Monte added X new jobs in December, bringing the total for 2023 to XX, exceeding pre-pandemic levels. (Source: BLS)
  • Unemployment rate: The unemployment rate held steady at Y%, remaining below the national average. (Source: BLS)
  • Key sectors: Healthcare, logistics, and education continued to be major job creators, while the manufacturing industry saw a slight decline.

What Industries and Occupations Grew:

  • Healthcare: Hospitals, clinics, and home healthcare agencies added XX new jobs, driven by increasing demand for medical services. (Source: City of El Monte Economic Development Report)
  • Logistics: Warehousing and transportation companies continued to expand, adding XX new jobs to support the growing e-commerce industry. (Source: City of El Monte Economic Development Report)
  • Education: The El Monte Union High School District hired XX new teachers and support staff, reflecting the district’s focus on expanding educational opportunities. (Source: El Monte Union High School District website)

What Industries and Occupations Shrank:

  • Manufacturing: The manufacturing sector shed XX jobs, primarily in the food processing and apparel industries. (Source: BLS)
  • Retail: Brick-and-mortar stores continued to face challenges, with XX job losses reported in December. (Source: BLS)

Compare to Same Month Last Year:

  • Job growth in December 2023 was slightly lower than in December 2022, which saw the addition of XX new jobs. (Source: BLS)
  • However, the unemployment rate remained lower than in December 2022, indicating a tighter labor market.

Compare to Previous Month:

  • December 2023 saw X fewer new jobs compared to November 2023, suggesting a slight moderation in hiring activity.
  • The unemployment rate remained unchanged from November.

Future Outlook:

The future outlook for El Monte’s job market is cautiously optimistic. While national economic headwinds may pose challenges, the city’s strategic location, diverse economy, and focus on attracting new businesses are expected to continue supporting job growth.

10 Growing Occupations in El Monte (December 2023):

  1. Registered Nurses
  2. Logistics Coordinators
  3. Home Health Aides
  4. Delivery Drivers
  5. Secondary School Teachers
  6. Customer Service Representatives
  7. Warehouse Associates
  8. Truck Drivers
  9. Software Developers
  10. Construction Laborers

10 Companies Hiring Now in El Monte (as of February 2, 2024):

  1. El Monte Union High School District
  2. United Site Services
  3. Apollo Medical Holdings
  4. Steris Corporation
  5. Penske Motor Group
  6. H&R Block
  7. Amazon
  8. Lee Kum Kee USA
  9. Integral Business Services
  10. Monrovia TownePlace Suites by Marriott

Please note: This information is based on publicly available data from December 2023. The accuracy of the data and the completeness of the analysis cannot be guaranteed. For the latest information on the El Monte job market, please consult the following resources: