San Marcos, CA – December 2023 Jobs Report – Holding Steady in the Holiday Season

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San Marcos’ December 2023 job market remained stable amidst the holiday season, exhibiting modest growth and mirroring the national trend. The unemployment rate held at 4.2%, unchanged from November, while the labor force saw a slight increase.

Highlights:

  • Nonfarm employment: Added 56 jobs in December, reaching a total of 1,591.1 thousand.
  • Unemployment rate: Remained at 4.2%, unchanged from November and below the national average of 4.6%.
  • Labor force: Increased by 177 individuals to 1,605.8 thousand.
  • Average weekly earnings: Increased by $11 to $1,228.

What Industries and Occupations Grew:

  • Construction: Added 18 jobs, continuing its upward trend since September.
  • Trade, Transportation, and Utilities: Gained 7 jobs, with growth concentrated in retail trade.
  • Education and Health Services: Remained stable with no significant changes.
  • Professional and Business Services: Added 12 jobs, driven by gains in legal and accounting services.
  • Growing Occupations: Warehouse workers, registered nurses, customer service representatives, construction laborers, and teacher assistants were among the occupations adding jobs in December.

What Industries and Occupations Shrunk:

  • Manufacturing: Lost 10 jobs, extending its downward trend since July.
  • Leisure and Hospitality: Declined by 14 jobs, likely due to seasonal adjustments after the holiday rush.
  • Other Services: Lost 11 jobs, with declines in personal and laundry services.
  • Shrinking Occupations: Production workers, gaming supervisors, cooks, waiters and waitresses, and grounds maintenance workers were among the occupations losing jobs in December.

Compare to Same Month Last Year:

  • San Marcos’ December 2023 nonfarm employment was 1.5% higher than December 2022, indicating continued economic expansion.
  • The unemployment rate in December 2023 was 0.2 percentage points lower than December 2022, reflecting a tighter labor market.

Compare to Previous Month:

  • December’s job growth was slightly slower than November’s, which added 72 jobs.
  • The unemployment rate remained unchanged from November.

Future Outlook:

The San Marcos job market is expected to remain stable in the coming months, with potential growth in construction, healthcare, and professional services. However, economic uncertainties and seasonal fluctuations could impact the pace of job creation.

10 Growing Occupations:

  1. Warehouse Workers
  2. Registered Nurses
  3. Customer Service Representatives
  4. Construction Laborers
  5. Teacher Assistants
  6. Software Developers and Programmers
  7. Truck Drivers
  8. Accountants and Auditors
  9. Physician Assistants
  10. General and Operations Managers

10 Companies Hiring Now:

  1. Palomar Health
  2. City of San Marcos
  3. Walmart
  4. Amazon
  5. FedEx
  6. UPS
  7. Home Depot
  8. Lowe’s
  9. Target
  10. Chick-fil-A

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