Simi Valley’s job market continued its growth trend in January 2024, adding 570 new jobs compared to December 2023. This represents a 1.2% increase in the total number of jobs in the city. The unemployment rate remained steady at 3.1%, indicating a tight labor market with low levels of unemployment.
Highlights
- The professional and business services sector led the job gains in January, adding 230 new positions. This was followed by the trade, transportation, and utilities sector, which added 150 jobs.
- The leisure and hospitality sector saw the most significant job losses, shedding 80 positions. However, this is likely due to seasonal fluctuations in this industry.
- Compared to January 2023, Simi Valley’s job market has grown by 2.4%, adding 1,230 new jobs.
What Industries and Occupations Grew
- Professional and business services: This sector includes occupations such as accountants, financial advisors, and marketing specialists.
- Trade, transportation, and utilities: This sector includes occupations such as truck drivers, retail salespeople, and logistics coordinators.
- Construction: This sector added 70 new jobs in January, reflecting continued growth in the local construction industry.
What Industries and Occupations Shrank
- Leisure and hospitality: This sector includes occupations such as waiters, waitresses, and cooks. The job losses in this sector are likely due to seasonal factors.
- Government: This sector shed 40 jobs in January. The reasons for this decline are unclear.
Compare to Same Month Last Year
Simi Valley’s job market has grown steadily over the past year, adding 1,230 new jobs since January 2023. This represents a 2.4% increase in the total number of jobs in the city. The unemployment rate has also fallen slightly, from 3.3% in January 2023 to 3.1% in January 2024.
Compare to Previous Month
The Simi Valley job market added 570 new jobs between December 2023 and January 2024. This represents a 1.2% increase in the total number of jobs in the city. The unemployment rate remained steady at 3.1% during this period.
Future Outlook
The future outlook for the Simi Valley job market is positive. The city’s economy is growing, and there is a continued demand for skilled workers in a variety of industries. However, it is important to note that the job market can be cyclical, and there is always the possibility of a slowdown in the future.
10 Growing Occupations in Simi Valley, CA
- Software Developers and Software Quality Assurance Analysts and Testers
- Registered Nurses
- Customer Service Representatives
- Truck Drivers
- Personal Care Aides
- Licensed Practical Nurses
- Management Analysts
- Marketing Managers
- Sales Managers
- Financial Advisors
10 Companies Hiring Now in Simi Valley, CA
- The Home Depot
- Amazon
- Kaiser Permanente
- Simi Valley Unified School District
- City of Simi Valley
- Adventist Health Simi Valley Hospital
- California State University Channel Islands
- Farmers Insurance
- Wells Fargo
- Chase