The December 2023 jobs report for Reno paints a picture of a stable job market with positive hiring trends across various industries, marking a solid finish to the year. While the unemployment rate inched up slightly to 3.9%, it remains below the national average, indicating a favorable environment for job seekers.
Highlights:
- Job growth: The Reno-Sparks Metropolitan Statistical Area (MSA) added 2,100 jobs in December compared to November, reflecting sustained hiring momentum.
- Low unemployment: The unemployment rate held steady at 3.1%, showcasing a healthy job market for potential candidates.
- Diversified growth: Job gains were observed in different sectors, offering employment opportunities in various fields.
What Industries and Occupations Grew:
- Leisure and hospitality: This industry, boosted by holiday season activity, added the most jobs in December.
- Professional and business services: Continued growth was seen in areas like healthcare, administrative support, and technical services.
- Trade, transportation, and utilities: Jobs increased in transportation, warehousing, and utilities, fueled by e-commerce expansion and infrastructure development.
What Industries and Occupations Shrank:
- Government
- : A slight decrease in employment, primarily in local government positions, was reported.
- Manufacturing: Job losses were recorded in manufacturing, concentrated mainly in durable goods production.
Compare to Same Month Last Year:
- The Reno-Sparks MSA saw significant year-over-year growth, adding 8,900 jobs in December 2023 compared to December 2022.
- The unemployment rate was lower in December 2023 (3.1%) compared to December 2022 (3.4%), suggesting a tighter labor market.
Compare to Previous Month:
- December witnessed more job gains than November, indicating continued hiring activity.
- The unemployment rate stayed stable, maintaining a healthy job market outlook.
Future Outlook:
The Reno-Sparks job market is expected to maintain its positive trajectory in 2024. Growth is anticipated in sectors like healthcare, tourism, professional services, and technology, driven by population expansion and an influx of businesses attracted by the region’s lifestyle and business-friendly environment. However, challenges like rising housing costs and potential economic headwinds could impact the pace of growth.
10 Growing Occupations in Reno (December 2023):
- Registered Nurses
- Software Developers and Applications Developers
- Customer Service Representatives
- Personal Care Aides
- Sales Representatives
- Elementary School Teachers
- Truck Drivers
- Janitors and Cleaners
- Physical Therapist Assistants
- Management Analysts
10 Companies Hiring Now in Reno:
- International Game Technology (IGT)
- Tesla
- Switch
- Amazon
- Renown Health
- The Peppermill Resort Casino
- Atlantis Casino Resort Spa
- NVDOT – Nevada Department of Transportation
- City of Reno
- University of Nevada, Reno
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