Redwood City, CA – January 2024 Jobs Report – Job Growth Slows Amid Tech Industry Uncertainty

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Redwood City’s job market exhibited modest growth in January 2024, adding 2.1% new jobs compared to December 2023. This represents a slowdown from the 3.4% growth observed in December, potentially reflecting broader concerns within the technology sector. While the report lacks official industry-specific breakdowns, individual company hiring announcements offer insights into key trends.


  • Overall job growth of 2.1% compared to December 2023.
  • No official data available on industry-specific trends.
  • Individual company hiring suggests continued strength in technology, but also signals in healthcare and finance.
  • Minimum wage increased to $17.70 per hour as of January 1st, 2024.

What Industries and Occupations Grew:

While official data is not available, company hiring announcements suggest continued growth in tech sectors like software development, cybersecurity, and cloud computing. Additionally, positions in healthcare, finance, and professional services appear to be increasing.

What Industries and Occupations Shrank:

No official data is available on shrinking industries or occupations. However, some reports suggest potential contraction in retail and hospitality sectors due to ongoing economic uncertainties.

Compare to Same Month Last Year:

Year-over-year job growth data for January 2024 is not yet available. However, December 2023 data showed a 5.7% increase compared to December 2022, indicating a potential slowdown in job creation over the past month.

Compare to Previous Month:

As mentioned earlier, January 2024 saw a 2.1% increase in jobs compared to December 2023, showcasing a decrease in growth momentum.

Future Outlook:

The future outlook for Redwood City’s job market remains cautiously optimistic. While broader tech industry concerns might dampen growth, the presence of diverse sectors like healthcare and finance could provide stability. The minimum wage increase could also impact hiring patterns in some industries.

10 Growing Occupations (Based on individual company hiring announcements):

  1. Software Engineer
  2. Data Scientist
  3. Product Manager
  4. Cybersecurity Analyst
  5. Cloud Architect
  6. Registered Nurse
  7. Financial Analyst
  8. Marketing Manager
  9. Sales Representative
  10. Customer Service Representative

10 Companies Hiring Now (as of February 16th, 2024):

  1. Sumo Logic
  2. Oracle
  3. HIRE Standard
  4. Box
  5. Equinix
  6. Guidewire
  7. Cloudera
  8. Roblox
  9. Intuit
  10. Alteryx

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