Richardson, TX – December 2023 Jobs Report – Steady Hiring Continues with Tech Focus

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The Richardson job market showed continued stability in December 2023, with hiring staying consistent across most sectors. While there wasn’t a surge in new positions compared to previous months, the report indicates a healthy and ongoing demand for qualified candidates.

Overview:

  • The unemployment rate remained steady at 2.8%, slightly below the national average of 3.5%. [Source: Bureau of Labor Statistics (BLS)]
  • Job postings saw a minor increase compared to November 2023, with growth concentrated in technology, healthcare, and professional services. [Source: Indeed Hiring Lab]
  • The report reflects a positive outlook for the coming months, with expectations of sustained hiring activity.

Highlights:

  • The technology sector continued to be a major driver of job growth, with positions in software development, cybersecurity, and data analysis in high demand.
  • Healthcare also saw notable hiring, particularly in nursing, therapy, and medical technology fields.
  • The professional and business services sector experienced growth in areas like accounting, marketing, and human resources.

Industries and Occupations that Grew:

Industries and Occupations that Shrank:

Comparison to Same Month Last Year:

  • The December 2023 job market showed slight growth compared to December 2022, with an increase of 1.5% in job postings.
  • The unemployment rate remained lower than December 2022, which stood at 3.1%.

Comparison to Previous Month:

  • Job postings saw a small increase of 0.3% compared to November 2023.
  • The unemployment rate remained unchanged from November 2023.

Future Outlook:

  • The Richardson job market is expected to maintain its momentum in 2024, with continued growth projected in technology, healthcare, and professional services.
  • The demand for skilled workers in these sectors is expected to remain high, creating opportunities for job seekers with relevant qualifications and experience.

10 Growing Occupations:

  1. Software Developer
  2. Registered Nurse
  3. Cybersecurity Analyst
  4. Marketing Specialist
  5. Physician Assistant
  6. Data Analyst
  7. Accountant
  8. Physical Therapist
  9. Human Resources Specialist
  10. Financial Analyst

10 Companies Hiring Now:

  1. Texas Instruments
  2. Raytheon
  3. McKesson
  4. Baylor Scott & White Health
  5. Accenture
  6. NTT Data
  7. JPMorgan Chase
  8. Bank of America
  9. Verizon
  10. AT&T

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