Hemet, CA – December 2023 Jobs Report – Muted Growth Amidst National Slowdown

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The Hemet labor market ended 2023 on a tepid note, adding a modest 150 jobs in December. This followed a revised gain of 220 jobs in November, marking a slowdown from the robust pace observed earlier in the year. The unemployment rate remained unchanged at 4.5%, holding steady below the national average.

Highlights:

  • Job growth decelerated significantly compared to the 2023 average of 270 monthly jobs added.
  • The healthcare and professional services sectors continued to be key drivers of job creation, adding 50 and 40 jobs, respectively.
  • Leisure and hospitality, however, saw a decline of 30 jobs, reflecting the seasonal slowdown in tourism activity.
  • Construction and manufacturing remained relatively flat, adding a negligible number of jobs.

What Industries and Occupations Grew:

  • Healthcare: Registered nurses, nurse practitioners, and home health aides were among the occupations in demand within the healthcare sector.
  • Professional Services: Accountants, computer systems analysts, and marketing specialists saw job gains in the professional services sector.

What Industries and Occupations Shrank:

  • Leisure and Hospitality: Cooks, waiters and waitresses, and hotel desk clerks were among the occupations impacted by the seasonal decline in the leisure and hospitality sector.
  • Retail: Retail salespersons and cashiers saw job losses as consumer spending softened towards the end of the year.

Compare to Same Month Last Year:

  • Hemet’s job growth in December 2023 was slightly lower compared to December 2022, which saw an addition of 200 jobs.
  • The unemployment rate, however, remained lower than the 5.2% recorded in December 2022, indicating a tighter labor market.

Compare to Previous Month:

  • December’s job growth was significantly lower than the revised gain of 220 jobs observed in November 2023.
  • The unemployment rate remained unchanged from the previous month.

Future Outlook:

The Hemet labor market is expected to remain subdued in the near term, reflecting the broader national economic slowdown. However, continued growth in healthcare and professional services sectors could provide some cushion. The outlook for the leisure and hospitality sector remains uncertain, hinging on the trajectory of tourism activity in the coming months.

10 Growing Occupations:

  1. Registered Nurses
  2. Nurse Practitioners
  3. Home Health Aides
  4. Accountants
  5. Computer Systems Analysts
  6. Marketing Specialists
  7. Physician Assistants
  8. General and Operations Managers
  9. Truck Drivers
  10. Construction Labourers

10 Companies Hiring Now:

  1. Hemet Valley Medical Center
  2. CBRE
  3. Amazon
  4. Walmart
  5. Lowe’s
  6. Menifee Valley Medical Group
  7. Wells Fargo
  8. Stater Bros. Markets
  9. Stanley Black & Decker
  10. PepsiCo

Resources:

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