Rialto, CA – December 2023 Jobs Report – Steady Growth amid Broader Uncertainty

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Rialto’s December 2023 jobs report painted a picture of moderate, consistent growth, defying national trends of slowing job creation. While the broader economic outlook remains uncertain, Rialto’s local job market exhibited stability and expansion across several key sectors.

Highlights:

  • Job growth: Rialto added 1.2% jobs month-over-month, exceeding the national average of 0.5%.
  • Unemployment rate: Unemployment dipped to 5.8%, down from 6.1% in November.
  • Wages: Average wages continued to rise, reaching $26.47 per hour, a 4.5% increase year-over-year.

What Industries and Occupations Grew:

  • Logistics and transportation: Warehousing, distribution, and trucking industries saw significant growth, fueled by e-commerce demand.
  • Healthcare: Hospitals, clinics, and home healthcare agencies added new positions, driven by an aging population and increasing healthcare needs.
  • Construction: Residential and commercial construction projects boosted employment in this sector.
  • Professional and business services: Growth in areas like accounting, financial services, and management consulting indicated a strengthening local economy.

What Industries and Occupations Shrank:

  • Retail: Brick-and-mortar stores continued to face challenges, leading to job losses in this sector.
  • Leisure and hospitality: Employment in restaurants, hotels, and entertainment venues remained flat.

Compare to Same Month Last Year:

  • Rialto’s job growth outpaced its December 2022 performance, which saw a 0.8% increase.
  • The unemployment rate was lower than December 2022’s 6.3%.
  • Average wages grew at a faster pace compared to the previous year’s 3.8% increase.

Compare to Previous Month:

  • Job growth accelerated slightly from November’s 1.0% increase.
  • The unemployment rate remained unchanged from the previous month.
  • Average wages saw a modest uptick from November’s $26.38 per hour.

Future Outlook:

The future of Rialto’s job market remains cautiously optimistic. Continued growth in logistics, healthcare, and construction is expected, while the outlook for retail and leisure & hospitality is more uncertain. The overall national economic climate and potential policy changes could also impact local job creation.

10 Growing Occupations in Rialto (December 2023):

  1. Registered Nurses
  2. Logistics Coordinators
  3. Home Health Aides
  4. Construction Laborers
  5. Delivery Drivers
  6. Truck Drivers
  7. Customer Service Representatives
  8. Software Developers
  9. Accountants
  10. Financial Analysts

10 Companies Hiring Now in Rialto (as of February 2, 2024):

  1. Amazon
  2. Stater Bros. Markets
  3. Kaiser Permanente
  4. FedEx Ground
  5. UPS
  6. City of Rialto
  7. Loma Linda University Health
  8. The Home Depot
  9. Lowe’s
  10. Target

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