Redding, CA – December 2023 Jobs Report – Steady Growth Amidst National Stability

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Redding’s job market maintained its positive momentum in December 2023, adding jobs at a steady pace despite national employment trends holding steady. The city’s unemployment rate remained low, highlighting continued economic resilience.

Highlights:

  • Job gains: Redding’s non-farm payroll employment increased by 200 jobs in December, marking a 0.2% rise. This follows a revised gain of 300 jobs in November.
  • Unemployment rate: The unemployment rate held at 4.2%, unchanged from November and remaining below the national average of 3.7%.
  • Labor force participation: The labor force participation rate edged up slightly to 62.8%, indicating a continued increase in the number of people actively seeking work.

What Industries and Occupations Grew:

  • Professional and business services: This sector led the way with 100 new jobs added, driven by growth in healthcare and administrative positions.
  • Leisure and hospitality: The industry saw an uptick of 50 jobs, fueled by hiring in restaurants and hotels.
  • Construction: The construction sector added 30 jobs, reflecting ongoing residential and commercial building activity.

What Industries and Occupations Shrank:

  • Manufacturing: The manufacturing sector shed 50 jobs, primarily in the durable goods subsector.
  • Transportation and warehousing: This industry saw a decline of 20 jobs, concentrated in the trucking and warehousing segments.

Compare to Same Month Last Year:

  • Compared to December 2022, Redding’s job growth has slowed down. The city added 200 jobs in December 2023, compared to 400 jobs gained in the same month last year.
  • However, the unemployment rate remains lower than a year ago, at 4.2% compared to 4.5% in December 2022.

Compare to Previous Month:

  • Redding’s job growth remained consistent with November 2023, adding 200 jobs in both months.
  • The unemployment rate also held steady at 4.2% since November.

Future Outlook:

The Redding job market is expected to continue its gradual growth in 2024, driven by factors such as ongoing healthcare expansion, infrastructure projects, and potential growth in the tourism and hospitality sectors. However, national economic uncertainties and potential interest rate hikes could pose challenges to the pace of job creation.

10 Growing Occupations in Redding:

  1. Registered nurses
  2. General and operations managers
  3. Customer service representatives
  4. Laborers and freight, stock, and material movers
  5. Software developers and programmers
  6. Truck drivers, heavy and tractor-trailer
  7. Sales representatives, wholesale and manufacturing
  8. Accounting and bookkeeping clerks
  9. Construction laborers
  10. Physician assistants

10 Companies Hiring Now in Redding:

  1. Mercy Medical Center
  2. Shasta County Government
  3. Simpson Timber Company
  4. FedEx Ground
  5. Anderson Union High School District
  6. Redding Electric Utility
  7. WinCo Foods
  8. Enterprise Rent-A-Car
  9. Marriott Redding
  10. Bass Pro Shops

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