Richmond, VA – December 2023 Jobs Report – Modest Gains Amidst Regional Turmoil

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December 2023’s jobs report for Richmond presents a mixed picture. While preliminary data from the Bureau of Labor Statistics (BLS) suggests employment growth, concerns linger about the national economic climate and its potential impact on the local market.


  • Employment: Total nonfarm employment in the Richmond, VA Metropolitan Statistical Area (MSA) reached 419,300, representing a gain of 400 jobs from November 2023 and 5,200 jobs from December 2022.
  • Unemployment: The seasonally adjusted unemployment rate remained unchanged at 2.9%, indicating a tight labor market compared to the national average of 3.7%.

Growing Industries and Occupations:

  • Leisure and Hospitality: This sector added the most jobs with 1,200, fueled by holiday spending and a rebounding tourism industry, particularly in restaurants and hotels.
  • Professional and Business Services: Expansion in professional, scientific, and technical services occupations contributed 700 new jobs, reflecting growth in areas like finance, insurance, and real estate.
  • Construction: This sector grew by 200 jobs, indicating potential expansion in the local housing market.

Shrinking Industries and Occupations:

  • Information: Telecommunications and information services shed 100 jobs, suggesting adjustments within the industry.
  • Government: Public sector employment decreased by 50 jobs, potentially due to seasonal fluctuations or budget constraints.

Compared to Same Month Last Year:

  • December 2023’s job growth of 1.2% fell short of the 2.4% increase in December 2022, highlighting a moderate pace of expansion.
  • The unemployment rate remained stable at 2.9%, mirroring the national average and indicating a competitive job market.

Compared to Previous Month:

  • December 2023 saw slightly lower job gains than November 2023, potentially reflecting seasonal fluctuations or adjustments to initial estimates.
  • The unemployment rate held steady, signifying a consistent labor market.

Future Outlook:

While experts predict continued job growth for Richmond in 2024, the pace might be slower than 2023. Expansion in healthcare, professional services, and construction could fuel job creation, but national economic uncertainties like inflation and rising interest rates remain concerning factors.

10 Growing Occupations:

  1. Registered Nurses
  2. Software Developers and Applications
  3. Customer Service Representatives
  4. Marketing Specialists
  5. Construction Laborers
  6. Sales Representatives
  7. Physical Therapists
  8. Elementary and Middle School Teachers
  9. Accountants and Auditors
  10. Home Health and Personal Care Aides

10 Companies Hiring Now:

  1. Anthem
  2. Dominion Energy
  3. Virginia Commonwealth University Health System
  4. Capital One
  5. Amazon
  6. Walmart
  7. The Home Depot
  8. Kroger
  9. Lowe’s Companies, Inc.
  10. Sentara Healthcare