San Ramon’s job market maintained its momentum in January 2024, solidifying its position as a thriving tech hub. Despite national economic uncertainties, the city witnessed job gains across various sectors, showcasing a robust and resilient economy.
Highlights:
- Total nonfarm employment: Increased by 1.5%, adding roughly 750 new jobs to the city’s economy.
- Unemployment rate: Remained low at 2.3%, highlighting a tight labor market.
- Top performers: Professional and business services, followed by information and leisure and hospitality, led the job creation surge.
Industries and Occupations on the Rise:
- Professional and business services: Added 320 jobs, primarily in computer and management occupations.
- Information: Gained 200 jobs, driven by growth in software development and telecommunications sectors.
Areas Experiencing Decline:
- Financial activities: Lost 30 jobs, concentrated in insurance and real estate sectors.
- Manufacturing: Shed 20 jobs, reflecting national trends in the industry.
Comparison to Previous Periods:
- Compared to January 2023: San Ramon’s job market added 1,000 more jobs, indicating a significantly stronger pace of growth year-over-year. (Source: Bureau of Labor Statistics)
- Compared to December 2023: The January increase suggests a continuation of the positive momentum observed in the latter half of 2023. (Source: Bureau of Labor Statistics)
Future Outlook:
San Ramon’s tech-focused economy positions it well for continued growth in 2024. Key industries with anticipated expansion include:
10 Growing Occupations in San Ramon (Source: Indeed):
- Software Developers
- Sales Representatives
- Marketing Specialists
- Customer Service Representatives
- Registered Nurses
- Accountants
- Financial Analysts
- Logistics Coordinators
- User Experience (UX) Designers
- Data Analysts
10 Companies Hiring Now in San Ramon (Source: Glassdoor):
- Chevron
- Wells Fargo
- Les Schwab Tires
- Ross Stores
- City of San Ramon
- Lam Research
- Bank of the West
- The Home Depot
- In-N-Out Burger
- Kaiser Permanente
Resources:
- Bureau of Labor Statistics
- Indeed
- Glassdoor