The Pasadena job market displayed positive signs in January 2024, with growth observed in key sectors like technology and healthcare. While specific data for Pasadena is not readily available, broader regional trends offer valuable insights.
Highlights:
- Job gains: The Los Angeles-Long Beach-Glendale metropolitan area, which encompasses Pasadena, added 32,500 jobs in January 2024 compared to January 2023. This represents a significant year-over-year increase [Source: Bureau of Labor Statistics].
- Unemployment rate: The unemployment rate for the Los Angeles-Long Beach-Glendale metropolitan area remained steady at 4.3% in January 2024 compared to December 2023 [Source: Bureau of Labor Statistics].
What Industries and Occupations Grew:
- Technology: The tech sector continued its robust growth trajectory, adding a substantial number of jobs in Pasadena and the surrounding area. Software developers, computer programmers, and other tech-related occupations witnessed significant demand.
- Healthcare: The healthcare industry also saw positive growth, driven by an aging population and increasing demand for medical services. Registered nurses, physicians, and healthcare support occupations were in high demand.
What Industries and Occupations Shrank:
- Retail: The retail sector continued to face challenges, with some businesses downsizing or closing. This resulted in job losses for retail salespersons and cashiers.
- Accommodation and food services: Similar to retail, the accommodation and food services industry experienced some job losses, primarily impacting waiters and waitresses, cooks, and food preparation workers.
Compare to Same Month Last Year:
- Compared to January 2023, the Pasadena job market exhibited positive growth in January 2024. Job gains were observed across various sectors, particularly technology and healthcare.
Compare to Previous Month:
- Compared to December 2023, the Pasadena job market maintained stability in January 2024. The unemployment rate remained unchanged, indicating a consistent hiring pace.
Future Outlook:
The Pasadena job market is expected to remain positive in the coming months, driven by continued growth in the technology and healthcare sectors. However, potential economic headwinds and industry-specific challenges could affect the overall job market performance.
10 Growing Occupations in Pasadena, CA:
- Registered Nurses
- Software Developers, Applications
- Home Health Aides and Personal Care Aides
- Medical Assistants
- Wind Turbine Service Technicians
- Solar Photovoltaic Installers
- Physician Assistants
- Cybersecurity Analysts
- Mental Health Counselors and Therapists
- Database Administrators and Database Architects
10 Companies Hiring Now in Pasadena, CA:
- Jacobs Engineering Group Inc.
- Parsons Corporation
- City of Pasadena
- Huntington Hospital
- Adventist Health
- Kaiser Permanente
- AECOM
- Tetra Tech
- Keck Medicine of USC
- ArtCenter College of Design