Folsom, CA – January 2024 Jobs Report – Growth Sprouts in Tech and Healthcare

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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:

  1. Software Developer
  2. Registered Nurse
  3. Customer Service Representative
  4. Physical Therapist
  5. Sales Associate
  6. Data Analyst
  7. Teacher
  8. Home Health Aide
  9. Engineer
  10. Occupational Therapist

10 Companies Hiring Now:

  1. Intel
  2. Sutter Health
  3. Kaiser Permanente
  4. City of Folsom
  5. Hewlett Packard Enterprise
  6. Nugget Market
  7. Bel Air Shopping Center
  8. Home Depot
  9. Lowe’s
  10. Folsom Lake Community College

Resources:

  • City of Folsom Economic Development
  • Folsom Chamber of Commerce
  • U.S. Bureau of Labor Statistics