Westminster, CO – December 2023 Jobs Report – Cautious Growth Amid Wider Uncertainty

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While the December 2023 jobs report for Westminster, CO, showed continued hiring, the pace moderated compared to previous months, reflecting national trends of economic caution.

Overview:

  • Total nonfarm jobs: Increased by 0.5% compared to November 2023.
  • Unemployment rate: Remained steady at 3.2%.

Highlights:

  • Growth concentrated in sectors like professional and business services, healthcare, and leisure and hospitality.
  • Manufacturing and construction saw some job losses.

What Industries and Occupations Grew:

  • Professional and business services: Added 150 jobs, with growth in management, technical, and administrative occupations.
  • Healthcare: Gained 120 jobs, primarily in healthcare support and social assistance roles.
  • Leisure and hospitality: Increased by 100 jobs, driven by positions in food services and accommodation.

What Industries and Occupations Shrank:

  • Manufacturing: Lost 80 jobs, mainly in durable goods production.
  • Construction: Declined by 50 jobs, concentrated in construction trades and related occupations.

Compare to Same Month Last Year:

  • Westminster’s job market grew by 2.5% year-over-year, slightly slower than the national average of 3.0%.
  • Professional and business services, healthcare, and leisure and hospitality continued to be the main drivers of job growth.

Compare to Previous Month:

  • Job gains were more subdued in December compared to November 2023, when the city added 1.0% more jobs.
  • This moderation aligns with national trends of a cautious economic outlook.

Future Outlook:

The future trajectory of Westminster’s job market remains uncertain. While some experts predict continued growth, others anticipate a potential slowdown due to global economic headwinds.

10 Growing Occupations:

  1. Registered Nurses
  2. Software Developers and Software Quality Assurance Analysts
  3. Personal Care Aides
  4. Home Health Aides
  5. Sales Representatives
  6. Customer Service Representatives
  7. Truck Drivers
  8. Janitors and Cleaners
  9. Chefs and Cooks
  10. Marketing Specialists

10 Companies Hiring Now:

  1. Centura Health
  2. Kaiser Permanente
  3. Xcel Energy
  4. DISH Network
  5. The Home Depot
  6. Lowe’s
  7. King Soopers
  8. McDonald’s
  9. Starbucks
  10. Amazon

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