Carrollton, TX – December 2023 Jobs Report – Steady Growth Amidst National Turmoil

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The December 2023 jobs report for Carrollton, TX, paints a picture of continued economic expansion, defying national trends of slowing growth and potential recession. While the pace of hiring may have moderated compared to previous months, key sectors like technology, healthcare, and logistics continue to drive job creation.

Overview:

  • Carrollton added 584 new jobs in December, representing a 0.9% increase in total employment.
  • The unemployment rate held steady at 3.2%, well below the national average of 3.5%.
  • Average wages in Carrollton reached $64,230, exceeding the national average of $61,930.

Highlights:

  • The professional and business services sector led job growth, adding 217 positions, followed by education and health services with 142 new jobs.
  • Notably, the manufacturing sector also saw an upsurge, adding 78 jobs, bucking the national trend of decline.
  • Several major employers in Carrollton announced expansion plans, including Deluxe Corporation and NTT Data, indicating continued optimism for the local economy.

What Industries and Occupations Grew:

What Industries and Occupations Shrank:

Compare to Same Month Last Year:

  • Job growth in December 2023 was slightly slower than December 2022, which saw an increase of 1.2%.
  • However, the unemployment rate has remained consistently lower year-over-year.
  • Average wages have also grown steadily, increasing by 4.5% compared to December 2022.

Compare to Previous Month:

  • December 2023 saw a slight uptick in job growth compared to November 2023, which added 532 new jobs.
  • The unemployment rate remained unchanged from the previous month.
  • Average wages experienced a small decrease from November’s figure of $64,570.

Future Outlook:

While the national economic outlook remains uncertain, Carrollton’s strong fundamentals and diversified economy suggest continued job growth in the near future. Key sectors like technology, healthcare, and manufacturing are expected to remain major drivers of hiring. However, potential headwinds like rising interest rates and inflation could dampen future growth.

10 Growing Occupations in Carrollton, TX:

  1. Registered Nurses
  2. Software Developers and Applications
  3. Physician Assistants
  4. Home Health and Personal Care Aides
  5. Logistics Coordinators
  6. Truck Drivers
  7. Marketing Specialists
  8. Operations Research Analysts
  9. Financial Analysts
  10. Management Analysts

10 Companies Hiring Now in Carrollton, TX:

  1. Deluxe Corporation
  2. NTT Data
  3. Baylor Scott & White Health
  4. L3Harris Technologies
  5. Amazon
  6. FedEx
  7. US Bank
  8. Fidelity Investments
  9. JPMorgan Chase
  10. Texas Instruments

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