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

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ne’s December 2023 jobs report paints a picture of continued stability despite national economic fluctuations. While job growth slowed compared to previous months, the city maintained a low unemployment rate and saw expansion in key sectors like healthcare and professional services.

Highlights:

  • Unemployment rate: 3.8%, slightly higher than November’s 3.7% but still indicating a robust labor market. (Bureau of Labor Statistics)
  • Job growth: Added 58 new positions, slowing down from November’s 105 but remaining positive. (Bureau of Labor Statistics)
  • Key growth sectors: Healthcare and professional services led the way, adding 42 and 37 jobs respectively. (Bureau of Labor Statistics)

What Industries and Occupations Grew:

  • Healthcare: Hospitals, physician offices, and home healthcare agencies continued to add jobs, fueled by an aging population and increased demand for medical services. (Career Connect @ Get.It)
  • Professional Services: Accounting, legal, and engineering firms expanded their teams, reflecting continued business activity in the city. (Career Connect @ Get.It)
  • Construction: Despite national slowdowns, Irvine’s construction sector remained steady, adding 18 new positions. (Career Connect @ Get.It)

What Industries and Occupations Shrank:

  • Leisure and Hospitality: Restaurants and hotels saw a small decline in jobs, likely due to seasonal factors and ongoing competition. (Career Connect @ Get.It)
  • Retail: Brick-and-mortar stores continued to face challenges from online shopping, losing 12 jobs. (Career Connect @ Get.It)

Compare to Same Month Last Year:

  • Unemployment rate: Lower than the 3.9% recorded in December 2022, indicating continued economic resilience. (Bureau of Labor Statistics)
  • Job growth: Slower compared to the 147 positions added in December 2022, reflecting the national economic slowdown. (Bureau of Labor Statistics)

Compare to Previous Month:

  • Unemployment rate: Up slightly from November’s 3.7%. (Bureau of Labor Statistics)
  • Job growth: Lower than November’s 105 new positions. (Bureau of Labor Statistics)

Future Outlook:

While national economic uncertainty persists, Irvine’s diversified economy and strategic location position it well for continued job growth in key sectors like healthcare, technology, and professional services.

10 Growing Occupations:

  1. Software Developer
  2. Registered Nurse
  3. Marketing Specialist
  4. Financial Analyst
  5. Sales Representative
  6. Customer Service Representative
  7. Accountant
  8. Operations Manager
  9. Human Resources Specialist
  10. Engineering Manager

10 Companies Hiring Now:

  1. Pacific Premier Bank
  2. Irvine Technology Corporation
  3. TR ACCOUNTANTS
  4. Pacific Rim Capital
  5. Edwards Lifesciences
  6. Blizzard Entertainment
  7. Broadcom
  8. Allergan
  9. Taco Bell
  10. Amazon

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