Santa Clara’s job market remained strong in January 2024, continuing the positive trend observed throughout 2023. The city’s economic engine, fueled by the technology sector, shows no signs of slowing down.
Highlights:
- The unemployment rate in Santa Clara County remained low at 3.1% in January, reflecting a vibrant job market.
- Job growth continued across various sectors, with particular strength in professional and business services, healthcare, and education.
What Industries and Occupations Grew:
- Professional and business services: This sector added the most jobs in January, driven by demand for occupations like computer systems analysts, accountants, and marketing specialists.
- Healthcare: The healthcare industry continued to expand, with growth in nursing, medical assistant, and therapist roles.
- Education: The education sector experienced job growth in teachers, counselors, and instructional coordinators.
What Industries and Occupations Shrank:
- While most sectors reported job growth, some industries, such as retail and leisure and hospitality, saw slight declines in January.
Compare to Same Month Last Year:
- Compared to January 2023, Santa Clara’s job market has grown steadily, with an increase in employment across various sectors.
- The unemployment rate in January 2023 was 3.4%, indicating a slight improvement in the labor market over the past year.
Compare to Previous Month:
- Compared to December 2023, Santa Clara’s job market continued its positive trajectory, adding new jobs across several industries.
Future Outlook:
The future outlook for Santa Clara’s job market remains optimistic. The city’s strong economic foundation, coupled with ongoing technological advancements, is expected to drive continued job growth in the coming months.
10 Growing Occupations:
- Software Developers, Applications
- Computer Systems Analysts
- Registered Nurses
- Customer Service Representatives
- Marketing Specialists
- Medical Assistants
- Truck Drivers, Heavy and Tractor-Trailer
- Accountants and Auditors
- Physician Assistants
- Licensed Practical and Licensed Vocational Nurses
10 Companies Hiring Now: