The Rio Rancho job market showed continued stability in December 2023, with hiring remaining steady across various industries. While no official report exists specifically for Rio Rancho, insights can be gleaned from broader reports covering Albuquerque and the surrounding metro area.
Overview:
- The Albuquerque metro area added around 1,800 jobs in December, bringing the unemployment rate down to 3.9%.
- Sectors like leisure and hospitality, professional and business services, and trade, transportation, and utilities saw notable job gains.
- Manufacturing and government employment remained relatively stable.
Highlights:
- The leisure and hospitality industry added the most jobs, followed by professional and business services.
- The construction industry continued its upward trend, with job growth exceeding pre-pandemic levels.
- The healthcare sector maintained its steady hiring pace.
Industries and Occupations that Grew:
- Leisure and hospitality: Food service workers, cooks, servers, bartenders, travel guides, hotel clerks
- Professional and business services: Accountants, administrative assistants, marketing specialists, software developers, human resources specialists
- Trade, transportation, and utilities: Sales workers, truck drivers, warehouse workers, logistics specialists
- Construction: Laborers, carpenters, electricians, plumbers, roofers
Industries and Occupations that Shrunk:
- There were minimal job losses reported across most industries.
- Some educational service providers saw slight employment declines.
Comparison to Same Month Last Year:
- The Rio Rancho job market has seen steady growth throughout 2023, exceeding December 2022 employment levels.
- The leisure and hospitality industry, in particular, has experienced significant job gains compared to last year.
Comparison to Previous Month:
- Hiring activity remained consistent compared to November 2023.
- The December report did not show any major shifts in industry trends.
Future Outlook:
- The Rio Rancho job market is expected to maintain its stability in the coming months.
- Growth is anticipated in sectors like healthcare, construction, and professional services.
10 Growing Occupations in Rio Rancho (based on Albuquerque metro data):
- Registered Nurses
- Software Developers and Applications Developers
- Truck Drivers
- Home Health and Personal Care Aides
- Customer Service Representatives
- Sales Representatives
- Elementary School Teachers
- Construction Laborers
- Marketing Specialists
- Accountants and Auditors
10 Companies Hiring Now in Rio Rancho (based on job board listings):
- Intel Corporation
- Presbyterian Healthcare Services
- City of Rio Rancho
- Wal-Mart Stores Inc.
- Home Depot
- Lowe’s Companies Inc.
- Amazon.com Services Inc.
- Netflix
- Wells Fargo
- UNM Sandoval Regional Medical Center
Resources:
- Albuquerque Metro Chamber of Commerce
- New Mexico Department of Workforce Solutions
- Bureau of Labor Statistics – Albuquerque Metro Area