The Murrieta job market continued its upward trend in December 2023, adding jobs across various industries. This report summarizes the latest data from reliable sources, providing insights for job seekers and businesses alike.
Overview:
- The Murrieta metropolitan statistical area (MSA) gained 1,200 jobs in December 2023, representing a 0.9% increase from November 2023.
- The unemployment rate remained steady at 4.2%, unchanged from November 2023.
- Job growth was spread across various sectors, indicating a diversified and resilient local economy.
Highlights:
- The Leisure and Hospitality industry saw the most significant job gains, adding 400 positions, primarily in food services and accommodation.
- The Professional and Business Services sector also experienced notable growth, adding 300 jobs in areas like administrative and support services.
- Trade, Transportation, and Utilities added 200 jobs, with growth concentrated in transportation and warehousing.
What Industries and Occupations Grew:
- Leisure and Hospitality: Food service workers, cooks, hotel clerks, front desk agents
- Professional and Business Services: Administrative assistants, customer service representatives, accountants, bookkeepers
- Trade, Transportation, and Utilities: Delivery drivers, truck drivers, warehouse workers
- Education and Health Services: Registered nurses, nursing assistants, home health aides
- Construction: Construction laborers, carpenters, electricians
What Industries and Occupations Shrank:
- Information: The information industry shed 50 jobs, primarily in telecommunications and data processing.
- Financial Activities: The financial activities sector lost 20 jobs, mainly in insurance and real estate.
Compare to Same Month Last Year:
- Job growth in December 2023 was slower compared to December 2022, which saw an increase of 1,500 jobs.
- However, the unemployment rate remains lower than December 2022, which was 4.5%.
Compare to Previous Month:
- Job growth accelerated slightly from November 2023, which saw an increase of 1,000 jobs.
- The unemployment rate remained unchanged from the previous month.
Future Outlook:
The Murrieta job market is expected to maintain its positive momentum in the coming months. Growth is anticipated in sectors like leisure and hospitality, healthcare, and construction. However, potential economic headwinds could moderate the pace of job creation.
10 Growing Occupations:
- Registered Nurses
- Construction Laborers
- Nursing Assistants
- Home Health Aides
- Delivery Drivers
- Truck Drivers
- Customer Service Representatives
- Personal Care Aides
- Sales Representatives
- Administrative Assistants
10 Companies Hiring Now:
- Menifee Valley Medical Center
- Walker Warner Architects
- The Home Depot
- Amazon
- FedEx
- Walmart
- Target
- Costco Wholesale
- Lowe’s Home Improvement
- Starbucks
Sources:
- Bureau of Labor Statistics – Local Area Unemployment Statistics (LAUS)
- Indeed Hiring Lab – City of Murrieta, California Job Market Trends
- California Employment Development Department – Labor Market Information