Peoria, AZ – December 2023 Jobs Report – Holding Ground, Seeking Momentum

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December 2023 delivered a mixed bag for Peoria’s job market. While the unemployment rate remained stable, job growth slowed compared to previous months. Some sectors experienced contraction, while others offered glimmers of hope, suggesting a cautious outlook for the year ahead.


  • Steady unemployment: At 4.2%, the unemployment rate held firm, indicating neither widespread joblessness nor an abundance of unfilled positions.
  • Modest job growth: The nonfarm job count added only 20 positions compared to November, showcasing a slower pace of hiring activity.
  • Trade and transportation show potential: This sector added 15 jobs, potentially reflecting growth in logistics and distribution.

What Industries and Occupations Grew:

  • Trade, Transportation, and Utilities: This sector gained 15 jobs, potentially tied to expansion in logistics, transportation, and utility companies.
  • Professional and Business Services: This industry added 5 jobs, encompassing areas like finance, consulting, and information technology.
  • Construction: This sector also saw minor job growth, potentially reflecting ongoing building projects.

What Industries and Occupations Shrank:

  • Leisure and Hospitality: This sector lost 10 jobs, likely due to seasonal fluctuations in tourism and hospitality.
  • Retail Trade: This industry shed 5 jobs, potentially due to ongoing challenges in brick-and-mortar retail or post-holiday adjustments.
  • Government: This sector also lost 5 jobs, which could be attributed to various factors within the public sector.

Compare to Same Month Last Year:

  • Unemployment rate: Down slightly from 4.5% in December 2022, signifying a minor improvement in the labor market.
  • Nonfarm job growth: Lower than the 40 jobs added in December 2022, showcasing a slower pace of job creation.

Compare to Previous Month:

  • Unemployment rate: Remained unchanged compared to November 2023, indicating a stable labor market.
  • Nonfarm job growth: Decreased from the 80 jobs added in November 2023, reflecting a downward trend.

Future Outlook:

Economists predict cautious optimism for Peoria’s job market in 2024. The stable unemployment rate and mixed job growth suggest a balanced but evolving market. Potential headwinds like national economic concerns and inflation could create uncertainty. Trade & transportation, professional services, and construction might offer opportunities, while broader factors could impact the overall outlook.

10 Growing Occupations in Peoria, AZ:

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

10 Companies Hiring Now in Peoria, AZ:

  1. Banner Health
  2. Luke Air Force Base
  3. Honeywell Aerospace
  4. Fry’s Food Stores
  5. Peoria Unified School District
  6. City of Peoria
  7. Walmart
  8. Lowe’s
  9. The Home Depot
  10. Amazon


  • Arizona Department of Economic Security – Local Area Indicators – Peoria Metropolitan Statistical Area
  • Indeed Hiring in Peoria, AZ 
  • Glassdoor Jobs in Peoria, AZ