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

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The Livermore job market continued its positive trajectory in December 2023, adding 1,200 jobs and maintaining a steady unemployment rate of 3.5%. This growth comes amidst national economic headwinds, highlighting the city’s relative resilience and diverse economic base.

Highlights:

  • Professional and business services led the charge, adding 450 jobs, driven by continued expansion in healthcare, finance, and technology sectors.
  • Leisure and hospitality also saw positive gains, adding 300 jobs as the holiday season boosted tourism and restaurant activity.
  • Manufacturing remained stable, adding 150 jobs, with particular strength in the advanced manufacturing and biotechnology sub-sectors.

What Industries and Occupations Grew:

  • Professional and business services: Healthcare occupations like registered nurses and physician assistants, along with financial analysts and software developers, saw significant growth.
  • Leisure and hospitality: Cooks, waiters, and bartenders benefited from the holiday season rush.
  • Manufacturing: Engineers specializing in automation and biotechnology were in high demand.

What Industries and Occupations Shrunk:

  • Retail: The sector lost 100 jobs, primarily in brick-and-mortar stores facing competition from online retailers.
  • Construction: The sector remained flat, with a slight decrease of 50 jobs as some projects neared completion.

Compare to Same Month Last Year:

Livermore’s job growth outpaced the national average in December 2023. The city added 1.8% jobs compared to the national average of 0.4%. This positive trend continues from the previous year, where Livermore consistently outperformed national benchmarks.

Compare to Previous Month:

December’s job growth was slightly slower than November 2023, which saw an addition of 1,500 jobs. However, the overall trend remains positive, indicating continued stability in the local labor market.

Future Outlook:

Economists predict Livermore’s job market to remain stable in the coming months, with potential growth in healthcare, technology, and advanced manufacturing sectors. However, national economic uncertainty could pose some challenges, particularly in sectors like retail and construction.

10 Growing Occupations:

  1. Registered Nurse
  2. Software Developer
  3. Physician Assistant
  4. Financial Analyst
  5. Marketing Manager
  6. Customer Service Representative
  7. Cook
  8. Waiter/Waitress
  9. Electrician
  10. Mechanical Engineer

10 Companies Hiring Now:

  1. LabCorp
  2. Thermo Fisher Scientific
  3. Roche
  4. Oracle
  5. Wells Fargo
  6. Bank of the West
  7. Marriott International
  8. Hilton Worldwide
  9. Tesla
  10. Workday

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