Oakland, CA – December 2023 Jobs Report: Modest Gains Amidst Broader Uncertainties

, ,

The December 2023 jobs report for Oakland presents a mixed picture. While the unemployment rate remained stable and some industries continued to grow, overall job gains were subdued compared to previous months. Careful monitoring of national economic trends and their local impact will be crucial in the coming year.


  • Stable unemployment: The rate held steady at 4.5%, reflecting a competitive job market with continued demand for workers.
  • Subdued job growth: Nonfarm jobs gained only 61 positions, reaching 558,495, marking a significant slowdown from previous months’ momentum.
  • Education and Healthcare show resilience: These sectors added 50 and 10 jobs respectively, offering potential stability in schools, hospitals, and healthcare facilities. Teachers, healthcare assistants, and registered nurses might see opportunities.

What Industries and Occupations Grew:

  • Education and Training: This sector gained 50 jobs, potentially tied to expansion in schools or educational institutions. Teachers, teacher assistants, and librarians might be in demand.
  • Health Care and Social Assistance: This sector added 10 jobs, encompassing areas like hospitals, clinics, and social services. Registered nurses, healthcare assistants, and nursing aides could benefit.
  • Finance and Insurance: This sector held steady, maintaining its existing job count, potentially offering stability in banking, insurance, and financial services. Accountants, financial analysts, and insurance agents might find opportunities.

What Industries and Occupations Shrank:

  • Leisure and Hospitality: This sector lost 20 jobs, potentially due to seasonal fluctuations in tourism and hospitality. Restaurant workers, hotel staff, and tourism professionals could be impacted.
  • Construction: This sector also lost 20 jobs, potentially reflecting project completion cycles or adjustments in the construction industry. Construction laborers, electricians, and plumbers could be impacted.

Compare to Same Month Last Year:

  • Unemployment rate: Higher than 4.0% in December 2022, signifying a slight increase in unemployment but potentially reflecting a larger labor pool entering the market.
  • Nonfarm job growth: Lower than the 235 jobs added in December 2022, highlighting a deceleration in hiring.

Compare to Previous Month:

  • Unemployment rate: Unchanged from November 2023, indicating stability in the labor market.
  • Nonfarm job growth: Significantly lower than the 811 jobs added in November 2023, showcasing a dramatic slowdown in hiring.

Future Outlook:

Experts offer cautiously optimistic predictions for Oakland’s job market in 2024. The stable unemployment rate, despite sluggish job growth, suggests potential resilience. However, national economic concerns and broader market fluctuations could impact local industries. Education, healthcare, and finance might offer opportunities, while tourism, hospitality, and construction could see adjustments. Careful monitoring and adaptability will be key for both job seekers and employers.

10 Growing Occupations in Oakland, CA:

  1. Registered Nurses
  2. Nursing Assistants
  3. Customer Service Representatives
  4. Sales Representatives
  5. Teachers
  6. Software Developers and Applications Developers
  7. Marketing Specialists
  8. Accountants and Auditors
  9. Construction Laborers
  10. Truck Drivers

10 Companies Hiring Now in Oakland, CA:

  1. Kaiser Permanente
  2. City of Oakland
  3. Alameda Health System
  4. University of California, Berkeley
  5. Kaiser Foundation Hospitals
  6. Clorox
  7. Wells Fargo
  8. Amazon
  9. Uber
  10. Lyft