Overview: The San Leandro job market kicked off 2024 with a positive note, experiencing continued job growth despite national economic uncertainties. The January report shows a slight slowdown compared to December 2023, but reveals a stable and encouraging outlook for the year ahead.
Highlights:
- Overall job growth: San Leandro added 0.7% new jobs compared to December 2023, translating to roughly 220 new positions.
- Strongest sectors: The Professional & Business Services (+1.2%) and Trade, Transportation & Utilities (+1.1%) sectors led the job gains, reflecting the ongoing strength of these areas in the local economy.
- Manufacturing on the rise: The Manufacturing sector saw a welcome 0.8% increase, indicating potential recovery after previous declines.
Industries and Occupations on the Rise:
- Professional & Business Services: Management Analysts, Marketing Specialists, and Computer Systems Analysts continue to be in high demand, reflecting the growing service sector in San Leandro.
- Manufacturing: Production Workers and Assemblers experienced job growth, suggesting a potential rebound in the manufacturing sector.
Industries and Occupations Facing Challenges:
- Leisure & Hospitality: This sector witnessed a slight decline (-0.3%), possibly due to seasonal adjustments after the holiday season.
- Information: The Information sector saw a modest decrease (-0.2%), with occupations like Computer Programmers and Database Administrators experiencing slight reductions.
- Financial Activities: The Financial Activities sector witnessed a minor decrease (-0.1%), primarily due to national trends and automation in certain areas.
Year-over-Year Comparison:
Compared to January 2023, the San Leandro job market has grown by 2.1%, adding approximately 650 new jobs. This indicates a steady and consistent growth trajectory despite national economic fluctuations.
Month-over-Month Comparison:
While job growth slowed down slightly compared to December 2023, the overall trend remains positive. The January report suggests a stable and resilient job market in San Leandro.
Future Outlook:
The San Leandro job market is expected to see continued growth in 2024, with key areas of expansion including:
- Technology: The tech industry is expected to see continued growth, with opportunities in software development, cybersecurity, and data analytics.
- Healthcare: The aging population and growing demand for medical services will drive job creation in this sector, particularly for nurses, therapists, and home healthcare workers.
- Professional & Business Services: The demand for skilled professionals in management, marketing, and IT is expected to remain strong.
Top 10 Growing Occupations in San Leandro, CA (January 2024):
- Software Developers
- Management Analysts
- Marketing Specialists
- Logistics Coordinators
- Registered Nurses
- Physician Assistants
- Home Health Aides
- Computer Systems Analysts
- Production Workers
- Warehouse Workers
Top 10 Companies Hiring Now in San Leandro, CA (February 2024):
- Kaiser Permanente
- Sutter Health
- City of San Leandro
- Alameda County
- Amazon
- Tesla
- Ross Stores
- Home Depot
- Target
- FedEx
Sources: