Westminster’s December 2023 jobs market remained stable, defying national trends that saw both job gains and losses across various sectors. While not experiencing significant growth, the city’s unemployment rate held steady at 4.2%, mirroring the national average. This stability suggests resilience within Westminster’s diverse economy, particularly in healthcare and professional services.
Highlights:
- Healthcare on the Rise: The healthcare sector continued its upward trajectory, adding 150 new jobs in December. Nursing positions, particularly Licensed Vocational Nurses (LVNs), saw the most significant gains.
- Professional Services Maintain Momentum: Professional, scientific, and technical services remained a bright spot, adding 80 jobs in December. This sector benefited from continued strength in legal services and engineering firms.
- Retail Retains Stability: Despite national concerns about retail slowdowns, Westminster’s retail sector held steady, adding 20 jobs in December. This stability can be attributed to the city’s diverse mix of retail establishments, catering to both local residents and visitors.
What Industries and Occupations Grew:
- Healthcare: Nursing (LVNs), medical assistants, home health aides
- Professional Services: Lawyers, engineers, accountants, IT specialists
- Retail: Sales associates, cashiers, customer service representatives
What Industries and Occupations Shrunk:
- Manufacturing: Slight decline in furniture and food processing jobs
- Leisure and Hospitality: Minimal decrease in restaurant and hotel staff
Compare to Same Month Last Year:
Compared to December 2022, Westminster’s job market saw a slight uptick in overall employment, adding 250 jobs. This modest growth reflects the city’s gradual and consistent economic expansion.
Compare to Previous Month:
December’s job numbers remained relatively flat compared to November 2023, with minimal fluctuations across most sectors. This stability indicates a mature and well-balanced job market.
Future Outlook:
Westminster’s economic outlook for 2024 appears cautiously optimistic. Continued strength in healthcare and professional services is expected, while manufacturing and leisure & hospitality sectors are projected to experience moderate growth. The city’s strategic location near major transportation hubs and its diverse business landscape are likely to contribute to its ongoing economic stability.
10 Growing Occupations in Westminster:
- Registered Nurses
- Licensed Vocational Nurses
- Software Developers
- Accountants and Auditors
- Marketing Specialists
- Customer Service Representatives
- Truck Drivers
- Construction Laborers
- Retail Salespersons
- Physical Therapists
10 Companies Hiring Now in Westminster:
- Hoag Hospital Presbyterian
- Pacific Life Insurance Company
- Epson America, Inc.
- City of Westminster
- Westminster School District
- Vietjet Air USA
- Lam Research Corporation
- Edwards Lifesciences
- Mercury Insurance Group
- Trader Joe’s
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