Norwalk, CA – January 2024 Jobs Report – Steady Growth Amidst National Uncertainty

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The January 2024 jobs report for Norwalk, CA paints a picture of moderate growth, mirroring national trends despite potential economic headwinds. While no official city-specific reports are available, insights can be gleaned from broader data sources like the Bureau of Labor Statistics (BLS) and online job boards.

Highlights:

  • Job growth: Preliminary data suggests Norwalk added jobs in January, likely aligning with the national trend of 174,000 new positions.
  • Unemployment: Unemployment figures remain low, mirroring the national picture. December 2023 data for Los Angeles County, which encompasses Norwalk, showed an unemployment rate of 3.9%, down from 4.3% in December 2022.
  • Wage growth: While wage growth data is unavailable for Norwalk specifically, national figures indicate continued upward trends, potentially outpacing inflation.

What Industries and Occupations Grew:

  • Logistics and transportation: This sector continues to thrive due to e-commerce growth, with jobs in warehousing, delivery, and transportation management likely seeing an uptick.
  • Healthcare: Demand for healthcare professionals remains strong, with opportunities in nursing, therapy, and medical technology expected to grow.
  • Professional and business services: This sector encompasses a wide range of occupations, from accountants and marketing specialists to IT professionals and administrative assistants, and is likely experiencing growth.

What Industries and Occupations Shrank:

  • Retail trade: Brick-and-mortar retail has faced challenges in recent years, and further job losses are possible in this sector.
  • Leisure and hospitality: While recovering from pandemic lows, this industry may see slower growth compared to others.

Compare to Same Month Last Year:

  • Year-over-year job growth data for Norwalk is unavailable. However, Los Angeles County saw a 4.2% increase in jobs between January 2023 and January 2024, suggesting a positive trend for Norwalk as well.

Compare to Previous Month:

  • Month-to-month data is also unavailable for Norwalk. However, national figures show a slight decrease in jobs between December 2023 and January 2024, which may or may not be reflected in the local data.

Future Outlook:

  • The future of the Norwalk job market remains uncertain, influenced by national economic factors and local business trends. However, the current indicators suggest continued moderate growth in key sectors like logistics, healthcare, and professional services.

10 Growing Occupations:

  1. Registered Nurses
  2. Home Health Aides and Personal Care Aides
  3. Customer Service Representatives
  4. Truck Drivers
  5. Software Developers and Applications Developers
  6. Marketing Specialists
  7. Physician Assistants
  8. Wind Turbine Service Technicians
  9. Solar Photovoltaic Installers
  10. Physical Therapist Assistants

10 Companies Hiring Now:

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Resources:

  • Bureau of Labor Statistics
  • Indeed
  • Glassdoor