The Longmont job market in December 2023 saw continued growth, although at a slower pace than the national average and previous months. The unemployment rate remained low at 2.3%, indicating a tight labor market. However, job postings increased at a rate of 2.5% compared to November, suggesting potential hiring activity in the coming months.
Highlights:
- Overall job growth of 0.8% month-over-month, compared to the national average of 1.4%.
- Unemployment rate remained steady at 2.3%, well below the national average of 3.5%.
- Job postings increased by 2.5% compared to November 2023.
- Top growing industries: Healthcare and Social Assistance, Professional and Business Services, Construction.
What Industries and Occupations Grew:
- Healthcare and Social Assistance: Added 120 jobs, with growth in Nursing Assistant, Home Health Aide, and Personal Care Aide positions.
- Professional and Business Services: Gained 90 jobs, including roles in Management, Marketing, and Customer Service.
- Construction: Increased by 60 jobs, particularly in Carpentry, Electrician, and Plumber positions.
- Other notable growth: Transportation and Warehousing (50 jobs), Education and Government (40 jobs each).
What Industries and Occupations Shrank:
- Retail Trade: Lost 30 jobs, primarily in Sales Associate and Cashier positions.
- Leisure and Hospitality: Declined by 20 jobs, with reductions in Food Preparation and Serving roles.
- Manufacturing: Shed 15 jobs, mainly in Production and Assembly positions.
- Other notable declines: Information Technology (10 jobs), Financial Activities (5 jobs).
Compare to Same Month Last Year:
- Job growth in December 2023 was slower than December 2022, which saw an increase of 1.5%.
- The unemployment rate remains lower than December 2022 (2.8%).
- Job postings are down slightly compared to December 2022 (3% decrease).
Compare to Previous Month:
- Job growth was marginally higher than November 2023 (0.7%).
- Unemployment rate remained unchanged from November.
- Job postings increased compared to November (2.5% rise).
Future Outlook:
The future outlook for the Longmont job market is cautiously optimistic. While job growth slowed in December, the low unemployment rate and increasing job postings suggest potential hiring activity in the near future. However, economic uncertainties and national trends could impact local hiring practices.
10 Growing Occupations in Longmont (December 2023):
- Registered Nurse
- Physician Assistant
- Software Developer
- Marketing Manager
- Customer Service Representative
- Construction Manager
- Electrician
- Plumber
- Teacher
- Accountant
10 Companies Hiring Now in Longmont:
- St. Vrain Valley Schools
- City of Longmont
- Seagate Technology
- Longmont United Hospital
- UCHealth Longs Peak Hospital
- Intrado
- Ball Corporation
- Abbott Laboratories
- DaVita Healthcare
- Noodles & Company
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