Folsom’s job market kicked off 2024 with positive signs, showcasing steady growth across several sectors. While official city-specific data for January isn’t available yet, insights from job boards and regional reports paint a promising picture.
Highlights:
- Overall job growth: Early indications suggest Folsom maintained its upward trajectory from 2023, adding new positions across various industries.
- Tech sector shines: Technology companies continued to be major job creators, fueled by Intel’s ongoing expansion and the presence of other tech giants like Hewlett Packard Enterprise.
- Healthcare on the rise: The healthcare industry saw significant hiring activity, particularly in nursing, therapy, and related fields.
- Seasonal opportunities bloom: Retail and hospitality experienced a hiring surge due to the holiday season, offering temporary and potential long-term positions.
What Industries and Occupations Grew:
- Technology: Software developers, engineers, data analysts, and IT support specialists were in high demand.
- Healthcare: Registered nurses, physical therapists, occupational therapists, and home health aides saw increased job openings.
- Retail and Hospitality: Sales associates, customer service representatives, chefs, and cooks benefited from seasonal hiring sprees.
- Education: Teachers, tutors, and childcare workers found opportunities in Folsom’s growing school system.
What Industries and Occupations Shrank:
- Construction: While ongoing projects continue, the pace of hiring in construction may have slowed down compared to the previous year.
- Manufacturing: Some manufacturing sectors might have experienced slight job reductions due to automation or outsourcing.
Compare to Same Month Last Year:
- Job growth in Folsom appears to be outpacing January 2023 levels, driven by the tech sector’s expansion and continued demand in healthcare.
Compare to Previous Month:
- December’s holiday-driven hiring might have dipped in January, but the overall trend remains positive.
Future Outlook:
- Folsom’s job market is expected to maintain its momentum in 2024, with the tech sector and healthcare industry leading the charge.
- The completion of major infrastructure projects and the influx of new businesses could further boost job creation.
10 Growing Occupations:
- Software Developer
- Registered Nurse
- Customer Service Representative
- Physical Therapist
- Sales Associate
- Data Analyst
- Teacher
- Home Health Aide
- Engineer
- Occupational Therapist
10 Companies Hiring Now:
- Intel
- Sutter Health
- Kaiser Permanente
- City of Folsom
- Hewlett Packard Enterprise
- Nugget Market
- Bel Air Shopping Center
- Home Depot
- Lowe’s
- Folsom Lake Community College
Resources:
- City of Folsom Economic Development
- Folsom Chamber of Commerce
- U.S. Bureau of Labor Statistics