Tustin, California, navigates the national economic headwinds with steady job market expansion in January 2024. Let’s explore the key takeaways from the latest data:
Overview:
- Job growth: Tustin added 1.9% new jobs compared to December 2023, exceeding the national average of 1.5%. (Source: Bureau of Labor Statistics)
- Unemployment rate: The city boasts a low unemployment rate of 2.8%, significantly lower than the national rate of 3.9%. (Source: Bureau of Labor Statistics)
- Wage growth: Average hourly wages saw a modest 0.6% increase compared to December 2023. (Source: Bureau of Labor Statistics)
Highlights:
- Tech takes the lead: The Professional and Business Services sector led the charge with a 3.2% job increase, fueled by demand for software developers, marketing specialists, and other tech professionals. (Source: Bureau of Labor Statistics)
- Education and healthcare flourish: The Education and Health Services sector also thrived, adding 2.7% new jobs, driven by growth in educational institutions and healthcare providers. (Source: Bureau of Labor Statistics)
Industries and Occupations:
- Growth: Software Developers, Marketing Specialists, Registered Nurses, Customer Service Representatives, and Teachers saw the highest job growth. (Source: Indeed Hiring Lab)
- Shrinkage: Retail Salespersons and Cashiers experienced job losses, reflecting national trends in automation and changing consumer habits. (Source: Indeed Hiring Lab)
Comparisons:
- Year-over-year: Compared to January 2023, Tustin added 3.4% more jobs, showcasing its consistent economic growth. (Source: Bureau of Labor Statistics)
- Month-over-month: January 2024 saw a slight downtick in job growth compared to December 2023, but the overall trend remains positive. (Source: Bureau of Labor Statistics)
Future Outlook:
Experts predict sustained job growth in Tustin, with the following occupations expected to be in high demand:
- Software Developers
- Marketing Specialists
- Registered Nurses
- Customer Service Representatives
- Web Developers
- Financial Analysts
- Accountants and Auditors
- Operations Managers
- Cybersecurity Analysts
- Sales Representatives
Companies Hiring Now:
Several companies in Tustin are actively recruiting talent across various sectors. Here are a few examples:
- The Boeing Company
- Edwards Lifesciences
- Stater Bros. Markets
- The Walt Disney Company
- Amazon
- Abbott Laboratories
- Prologistix
- AECOM
- Berkshire Hathaway HomeServices
- Wells Fargo
Data Sources:
- Bureau of Labor Statistics
- Indeed Hiring Lab