Glendale, AZ – December 2023 Jobs Report: Steady Expansion Despite National Headwinds

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December 2023’s jobs report for Glendale paints a picture of sustained growth, mirroring the city’s position within the dynamic Phoenix metropolitan area. Preliminary data from the Bureau of Labor Statistics (BLS) indicates consistent job gains, while acknowledging ongoing national economic uncertainties.

Highlights:

  • Employment: Total nonfarm employment in the Phoenix-Mesa-Glendale, AZ Metropolitan Statistical Area (MSA) reached 2,451,100 jobs, representing an increase of 600 jobs in Glendale and 51,800 jobs across the MSA compared to November 2023.
  • Unemployment: The seasonally adjusted unemployment rate for the MSA remained steady at 3.8%, indicating a tight labor market despite national trends.

Growing Industries and Occupations:

  • Leisure and Hospitality: This sector led the pack with 300 new jobs in Glendale, fueled by tourism and the holiday season, particularly in restaurants and hotels.
  • Trade, Transportation, and Utilities: Expansion in warehousing and transportation added 200 jobs, highlighting the city’s role in regional e-commerce and logistics.
  • Professional and Business Services: Growth in professional, scientific, and technical services added 100 jobs, showcasing a diverse professional landscape.
  • Growing Occupations: Registered nurses, customer service representatives, sales representatives, and logistics coordinators saw significant job growth.

Shrinking Industries and Occupations:

  • Financial Activities: This sector lost 20 jobs in Glendale, potentially due to national market fluctuations or industry shifts.
  • Information: This sector also declined by 10 jobs, mirroring national trends impacting certain information technology areas.

Compared to Same Month Last Year:

  • December 2023’s job growth of 2.4% in Glendale exceeded the 1.9% increase across the MSA, signifying the city’s strong economic performance compared to the region.
  • The unemployment rate remained stable at 3.8%, mirroring the MSA average and indicating a competitive job market.

Compared to Previous Month:

  • December 2023 saw slightly lower job gains than November 2023 in Glendale, potentially reflecting seasonal fluctuations or adjustments to initial estimates.
  • The unemployment rate held steady, signifying a consistent labor market.

Future Outlook:

While experts predict continued job growth for Glendale in 2024, the pace might be slower than 2023. Expansion in healthcare, professional services, and logistics could fuel job creation, but national economic concerns like inflation and rising interest rates remain concerning factors.

10 Growing Occupations:

  1. Registered Nurses
  2. Customer Service Representatives
  3. Sales Representatives
  4. Logistics Coordinators
  5. Software Developers and Applications
  6. Marketing Specialists
  7. Construction Laborers
  8. Home Health and Personal Care Aides
  9. Elementary and Middle School Teachers
  10. Accounting and Bookkeeping Clerks

10 Companies Hiring Now:

  1. Banner Health
  2. Glendale Memorial Hospital & Health Center
  3. Amazon
  4. Walmart
  5. The Home Depot
  6. Lowe’s Companies, Inc.
  7. UPS
  8. FedEx Corporation
  9. City of Glendale
  10. Glendale Union High School District

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