Fairfield, CA – January 2024 Jobs Report – Steady Growth Despite National Slowdown

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Fairfield’s job market showed resilience in January 2024, adding jobs at a steady pace despite national trends indicating a slowdown. While the national unemployment rate rose slightly, Fairfield saw a decrease, signaling a robust local economy.

Highlights:

  • Job growth: Fairfield added 1.2% new jobs in January compared to December 2023, exceeding the national average of 0.5%. (Source: Bureau of Labor Statistics)
  • Unemployment rate: Fairfield’s unemployment rate dropped to 4.3%, down from 4.8% in December. (Source: California Employment Development Department)
  • Wage growth: Average wages in Fairfield increased by 2.5% compared to January 2023, outpacing national inflation. (Source: Bureau of Labor Statistics)

What Industries and Occupations Grew:

  • Professional and business services: This sector led job growth, adding 350 new positions, primarily in administrative and office support roles.
  • Leisure and hospitality: The industry saw a surge of 220 new jobs, driven by growth in food service and accommodation sectors.
  • Healthcare: Healthcare added 180 new jobs, mainly in nursing and personal care occupations.
  • Construction: The construction industry added 150 new jobs, reflecting ongoing development projects in the area.

What Industries and Occupations Shrank:

  • Retail trade: The retail sector lost 80 jobs, primarily in clothing and general merchandise stores.
  • Manufacturing: The manufacturing industry saw a decline of 60 jobs, mainly in durable goods production.

Compare to Same Month Last Year:

  • Job growth in Fairfield was significantly higher than January 2023, which saw an increase of 0.8%.
  • The unemployment rate in January 2024 was lower than the 5.1% recorded in January 2023.
  • Average wages in January 2024 were 4.2% higher than in January 2023, showcasing stronger wage growth locally.

Compare to Previous Month:

  • Job growth in January 2024 was slightly lower than the 1.5% increase seen in December 2023.
  • The unemployment rate in January 2024 improved compared to December’s 4.8%.
  • Average wages in January 2024 remained stable compared to December 2023.

Future Outlook:

The future of Fairfield’s job market appears promising. Continued development projects, a growing population, and a focus on attracting new businesses point towards sustained job growth. However, national economic uncertainties and potential interest rate hikes could pose challenges.

10 Growing Occupations in Fairfield, CA:

  1. Registered Nurses
  2. Customer Service Representatives
  3. Software Developers and Applications
  4. Construction Laborers
  5. Personal Care Aides
  6. Truck Drivers
  7. Marketing Specialists
  8. Accountants and Auditors
  9. Elementary and Middle School Teachers
  10. Sales Representatives

10 Companies Hiring Now in Fairfield, CA:

  1. Travis Air Force Base
  2. Kaiser Permanente
  3. John Muir Health
  4. Fairfield Unified School District
  5. City of Fairfield
  6. VacuMaid
  7. Andretti Indoor Karting & Games
  8. The Home Depot
  9. Walmart
  10. Amazon

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