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:
- Registered Nurses
- Software Developers and Software Quality Assurance Analysts
- Personal Care Aides
- Home Health Aides
- Sales Representatives
- Customer Service Representatives
- Truck Drivers
- Janitors and Cleaners
- Chefs and Cooks
- Marketing Specialists
10 Companies Hiring Now:
- Centura Health
- Kaiser Permanente
- Xcel Energy
- DISH Network
- The Home Depot
- Lowe’s
- King Soopers
- McDonald’s
- Starbucks
- Amazon
Resources: