San Mateo, CA – December 2023 Jobs Report – Mixed Signals in Bay Area Boom

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The December 2023 jobs report for San Mateo, CA, paints a mixed picture of the local labor market. While the region added jobs overall, the pace of growth slowed compared to earlier months, and some industries experienced contraction.

Overview:

  • San Mateo County gained 1,200 jobs in December, bringing the total employment level to 573,900.
  • This increase follows November’s job gain of 2,400, suggesting a potential moderation in the job market’s momentum.
  • The unemployment rate in San Mateo County remained low at 3.2%, holding steady compared to November and below the national average of 3.5%.

Highlights:

  • The Leisure and Hospitality industry saw the strongest job growth, adding 500 positions, likely due to seasonal hiring in retail and restaurants.
  • The Professional and Business Services industry also expanded, adding 300 jobs, reflecting growth in office-based occupations.

Industries and Occupations that Grew:

Industries and Occupations that Shrank:

Comparison to Same Month Last Year:

  • San Mateo County’s December 2023 job level is 18,900 higher than December 2022, representing a year-over-year growth of 3.4%.
  • This growth outpaces the national average of 1.4% year-over-year job growth.

Comparison to Previous Month:

  • As mentioned earlier, the pace of job creation in San Mateo County slowed down in December compared to November.
  • However, the December job gain was still positive, indicating ongoing economic expansion in the county.

Future Outlook:

The future outlook for the San Mateo County job market is uncertain. While the December jobs report suggests some moderation, the overall economic picture remains positive. However, national economic trends and potential tech industry layoffs could dampen hiring in the coming months.

10 Growing Occupations in San Mateo, CA:

  1. Registered Nurses
  2. Software Developers and Applications Developers
  3. Personal Care Aides
  4. Marketing Specialists
  5. Customer Service Representatives
  6. Physicians and Surgeons
  7. Physician Assistants
  8. Truck Drivers
  9. Elementary And Middle School Teachers
  10. Accountants and Auditors

10 Companies Hiring Now in San Mateo, CA:

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