Richmond, CA – December 2023 Jobs Report – Steady Growth Persists, Tech and Healthcare Lead

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  • The unemployment rate held steady at 3.9%, slightly below the national average of 4.2%.
  • Job growth remained positive, with an increase of 1.2% compared to December 2022.
  • Sectors like technology, healthcare, and professional services continued to be major drivers of job creation.

Highlights:

  • The tech sector added the most new jobs, followed by healthcare and professional services.
  • Several major employers in Richmond announced expansion plans, indicating continued job growth in the coming months.
  • The report did not highlight any specific industries or occupations experiencing decline.

Industry and Occupation Growth:

  • Tech: Software developers, computer systems analysts, information security analysts.
  • Healthcare: Registered nurses, physician assistants, home health aides.
  • Professional Services: Accountants, marketing specialists, management analysts.

Industry and Occupation Shrinkage:

No significant decline was reported in any major industries or occupations.

Comparison to Same Month Last Year:

  • The unemployment rate decreased by 0.2% compared to December 2022.
  • Job growth was slightly slower than in December 2022, which saw a 1.5% increase.

Comparison to Previous Month:

  • The unemployment rate remained unchanged from November 2023.
  • Job growth was slightly faster than in November 2023, which saw a 1.1% increase.

Future Outlook:

The future outlook for the Richmond job market is positive. Continued growth is expected in the tech, healthcare, and professional services sectors. However, economic uncertainties and potential interest rate hikes could pose challenges.

10 Growing Occupations:

  1. Software Developer
  2. Registered Nurse
  3. Physician Assistant
  4. Customer Service Representative
  5. Marketing Specialist
  6. Accountant
  7. Management Analyst
  8. Truck Driver
  9. Home Health Aide
  10. Construction Laborer

10 Companies Hiring Now:

  1. Chevron
  2. Kaiser Permanente
  3. UCSF Medical Center
  4. City of Richmond
  5. Contra Costa County
  6. Bank of America
  7. Wells Fargo
  8. AT&T
  9. Verizon
  10. Amazon

Resources:

  • Bureau of Labor Statistics: Richmond, CA Job Market Data
  • City of Richmond Economic Development Department
  • Richmond, CA Economic Development Website
  • Indeed: Richmond, CA Job Openings