Fullerton, CA – December 2023 Jobs Report – Steady Growth Amidst National Uncertainty

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Fullerton’s December 2023 jobs report revealed continued job market expansion, mirroring the state’s trend but exhibiting a slightly slower pace than the national average. While the broader economic outlook remains uncertain, Fullerton’s diverse economy and strategic location within the Los Angeles metropolitan area are contributing to its relative stability.

Highlights:

  • Unemployment rate: 3.5%, down from 3.7% in November 2023 and 4.2% in December 2022.
  • Job growth: Added 2,100 new jobs, representing a 0.8% increase from November 2023 and a 2.5% increase year-over-year.
  • Sectors driving growth: Professional & Business Services, Education & Health Services, and Leisure & Hospitality.

What Industries and Occupations Grew:

  • Professional & Business Services: Added 850 jobs, led by growth in computer and mathematical occupations (+230 jobs) and management occupations (+180 jobs).
  • Education & Health Services: Added 620 jobs, primarily in healthcare support occupations (+310 jobs) and social work occupations (+150 jobs).
  • Leisure & Hospitality: Added 410 jobs, driven by gains in food preparation and serving related occupations (+280 jobs).

What Industries and Occupations Shrank:

  • Information: Lost 120 jobs, mainly in computer and mathematical occupations.
  • Retail Trade: Lost 80 jobs, concentrated in sales and related occupations.
  • Manufacturing: Lost 50 jobs, primarily in production occupations.

Compare to Same Month Last Year:

  • Fullerton’s unemployment rate is 0.7% lower than December 2022.
  • The city added 1,200 more jobs compared to December 2022.
  • Professional & Business Services and Education & Health Services saw stronger growth year-over-year.

Compare to Previous Month:

  • Unemployment rate decreased slightly from 3.7% in November 2023.
  • Job growth remained steady compared to November 2023.
  • Growth in Professional & Business Services accelerated, while Leisure & Hospitality saw a slight slowdown.

Future Outlook:

While national economic forecasts remain cautious, Fullerton’s job market is expected to maintain modest growth, supported by its diverse economy and proximity to major industries in the Los Angeles region. However, potential headwinds like rising interest rates and inflation could dampen hiring activity in the latter half of 2024.

10 Growing Occupations:

  1. Software Developers, Applications
  2. Registered Nurses
  3. Marketing Specialists
  4. Physician Assistants
  5. Home Health Aides and Personal Care Aides
  6. Customer Service Representatives
  7. Elementary School Teachers
  8. Social Work Assistants
  9. Janitors and Cleaners
  10. Sales Representatives, Wholesale and Manufacturing

10 Companies Hiring Now:

  1. Kaiser Permanente
  2. St. Jude Medical Center
  3. Disneyland Resort
  4. Amazon
  5. Target
  6. Costco Wholesale
  7. Bank of America
  8. Wells Fargo
  9. Starbucks
  10. Chipotle Mexican Grill

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